Merrill, BofA Fined $12M for Suspicious Activity Report Failures
By John ManganaroBank of America improperly set a reporting threshold of $25,000 instead of $5,000, the SEC and FINRA found.
July 10, 2023
Second Judge Strikes Down DOL Rollover GuidanceJudge Rebecca Rutherford ruled to vacate three portions of Labor's PTE 2020-02.
July 10, 2023
FINRA Sends More Remote Office Updates to SECFINRA is adding more criteria to its Residential Supervisory Location plan.
July 10, 2023
Fed Officials Say Higher Rates Needed to Reach 2% InflationThe Federal Open Market Committee will meet July 25-26 and is expected to resume rate increases then.
July 10, 2023
Biden Administration Moves to Ban Fee-for-Service Indemnity HealthFederal agencies have also proposed limiting the duration of short-term health insurance to four months.
July 10, 2023
Bob Doll Warns Against Chasing the Stock Rally"At this point ... we value capital preservation over return maximization as a portfolio goal," the CIO said.
July 10, 2023
To Hedge Against Estate Tax Exclusion Changes, Try DisclaimersA sales coach has an idea for helping clients facing the Year 2026 problem.
July 10, 2023
U.S. May Have Suffered 16,500 Extra Deaths in JunePreliminary mortality from all causes appears to be at least 8.7% higher than the 2019 level.