Lawmakers Tell DOL to Cease Work on New Fiduciary Rule
By Melanie WaddellCongress members said they oppose Labor's continuing efforts to promote a rule that changes the definition of "fiduciary."
August 31, 2023
UBS to Cut 3,000 Jobs, $10B of CostsIts Credit Suisse deal has increased UBS's workforce to about 120,000, which it wants to reduce by some 30% over time.
August 30, 2023
Fidelity Clients Irate Over Website, App ProblemsOn Downdetector, clients said trading accounts showed no positions or their accounts seemed to be "hidden."
August 30, 2023
IRS Issues Guidance on 2023 State Tax PaymentsThe notice gives updates on refunds, deductions for state income and property taxes, and spillover payments.
August 30, 2023
Ex-Creative Planning Employees Sue Over Non-Compete AgreementsFour former employees say their employment agreements are illegal and prevent them from working in the industry.
August 30, 2023
Venerable Aims to Power Variable Annuity Issuers' Fund MenusTim Brown will lead the new asset management team.
August 30, 2023
NASAA to Allow 5-Year Breaks for Brokers, IARsEligible individuals can maintain their Series 63 license; a similar extension is planned for the Series 65.
August 30, 2023
Ex-Morgan Stanley Exec Says He Was Fired for Being WhiteIn a lawsuit, Kevin Meyersburg alleges that the wirehouse replaced him with a less-qualified Black woman.