JPMorgan Pays $151M to Settle Slate of SEC Complaints
By Nicola M. WhiteOne issue involved a Reg BI violation for steering clients into pricey mutual fund investments despite cheaper alternatives.
October 31, 2024
Millionaire Tax Vote Opens Door to New Clash Over Chicago WealthIllinois voters will weigh in on a proposed extra levy of 3% on annual incomes of over $1 million that aims to lower property taxes.
October 31, 2024
BofA Says Regulators May Take Action Over Money Laundering, ZelleU.S. regulatory agencies have been digging into consumer complaints about how banks handle reported abuses of the Zelle network.
October 31, 2024
PIMCO Raises $2B for Asset-Based Private Lending StrategyThe firm has been building out its alternatives business in recent years as it expands beyond its bond roots.
October 31, 2024
Kentucky Advisor Fined Over Bourbon-Tasting BusinessThe advisor didn't get written approval from Edward Jones but firm members attended a tasting, according to FINRA.
October 31, 2024
LPL Discloses $18M Charge, but No Arnold Updates on Q3 CallThe firm, now led by Rich Steinmeier, expects an SEC settlement related to anti-money laundering controls.
October 30, 2024
Cetera Launches Regulatory Risk-O-MeterThe new resource is designed to help advisors measure and navigate developing regulatory risks.
October 30, 2024
UBS Wants to Buy a U.S. Wealth Manager: ChairmanThe firm is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale its business model.