SEC Chief Clayton Reveals Cyber Breach in EDGAR System
In a sweeping statement, agency says it learned in August that the '16 breach 'resulted in access to nonpublic information.'
RBC Adds $350 Merrill Team, $125M Morgan Stanley FA: Recruiting Roundup
Meanwhile, wirehouse reps depart for Baird, Ameriprise and Arkadios Capital; Royal Alliance and CAPTRUST attract large groups.
Regulators Charge SII With ‘Unethical’ Conduct Tied to REIT Sales
Advisors' commissions on the sales topped $278,000, according to Massachusetts securities regulator William Galvin.
Obama Goes From White House to Wall Street in Less Than One Year
Ex-president speaks to Carlyle, Cantor and Northern Trust; “If someone is willing to pay him to give a speech, God bless.”
World’s Biggest Wealth Fund Hits $1T
The sovereign wealth fund, which manages oil wealth for future generations, has ballooned in size since the first cash injection in 1996.
CFPB Pursues Illegal Student Loan Practices Despite DOE Data Freeze
The agency ordered Collegiate Student Loan Trusts and its debt collector to pay $21 million in fines and restitution for illegal debt collection lawsuits.
Dynasty Financial Hires New CFO
Meanwhile, its Capital Strategies group is growing loans to advisory firms and revenue participation notes.
401(k) Balances Are Up, but Is Your Retirement Plan Business?
Advisors should focus on gaps in investment performance, for instance, to boost their results in this space.
Who’s Warren Buffett’s Successor? JPMorgan Says ...
A new analyst at the investment bank points to one popular candidate, though there are others.
Sanders Calls for a 65% Top Estate Tax Rate
The provision, in an S. 1804 funding supplement, would affect couples with $1 billion or more in assets.