FINRA Ready to Provide ‘Technical’ Aid on Fiduciary Rule, Legal Chief Says
FINRA has a "good working relationship" with Labor and SEC and is ready to help with coordinating a rule, Chief Legal Officer Robert Colby says.
Advisor Charged With Stealing $9M From Elderly Woman’s Foundation: Enforcement
Meanwhile, a Massachusetts advisor is accused of steering clients into funds in which he had an interest.
Social Security Disability Appeals Piling Up Due to Lack of Funding: Senators
The SSDI hearing backlog has reached record high, with average wait time roughly 600 days, senators say.
Orion Advisor Services Launches Free Peer-to-Peer Model Marketplace
Orion partnered with Russell Investments, BlackRock and CLS Investments on its new "Orion Communities."
Thrivent, DOL Anti-Arb Fiduciary Tussle Continues
Labor argues that there's no need for relief from the anti-arbitration provision because the rule will likely be delayed anyway.
Trump Signs Elder Fraud Bill Into Law
The new law cracks down on telemarketing and email fraud and boosts penalties for health care fraud.
FINRA Seeks Comments on Changes in Arbitration Rules
One amendment seeks to help further address the issue of unpaid customer arbitration awards, says FINRA's Berry.
Senators Float Seniors Tax Hike Prevention Act of 2017
Without action, the income threshold after which seniors can deduct health care expenses from their taxes will rise this year.
Would Blockchain Have Blocked Wells Fargo’s Misconduct?
An MIT professor and others said blockchain could have made it easier to see that the accounts were fake, but would that have been enough?
Senate Panel Schedules SEC Nomination Hearing for Peirce, Jackson
If confirmed by the full Senate next week, both would enter the agency as it crafts a fiduciary rule.