Vanguard’s Brennan Elected New FINRA Board Chairman
Jack Brennan and new FINRA CEO Robert Cook will replace Richard Ketchum on Aug. 15
Enforcement: Citigroup Fined $7M Over Incomplete Blue Sheets
In another action, Goldman Sachs was censured by FINRA and fined in two separate cases.
Credit Union Advisors Lead the Pack in Fiduciary Rule Readiness: Study
Credit unions are far ahead of other institutions in making the DOL fiduciary rule transition, according to a study by Kehrer Bielan Research & Consulting.
SEC Charges Advisor With Overcharging in Wrap Fee Program
As subadvisor, RiverFront's "trade away" volume caused clients to incur millions in transaction costs, the SEC said.
Advisors Must Tell Clients About Their Robo Use, State Regulator Says
Advisors must disclose to clients when they use robo platforms and what services those platforms provide, Commonwealth Secretary William Galvin of Massachusetts says.
SEC OKs New Rules for In-House Proceedings
Individuals and companies will have more time to prepare for hearings and depositions in certain matters.
Blockchain-Powered Financial Tools Get Big Push From IBM, Deloitte
An IBM center in Singapore will aim to use blockchain technology to bring efficient multi-party finance transaction and process tools to market.
BD Lobby Group to Fight New Financial Transaction Tax Bill
Rep. Peter DeFazio introduced a bill Wednesday that would levy a tax on most financial trades. FSI has made it a "top priority" to fight similar bills in the states.
SEC Launches Exam Sweep of Advisors' Share Class Picks
The Share Class Initiative targets mutual fund and 529 plan share classes with substantial loads or fees, including 12b-1 fees.
Wyoming to Begin Registering RIAs
Wyoming was the last holdout of states that didn’t require advisors to register with state regulators.