Bogus Broker Pleads Guilty to Securities Fraud, Faces Up to 25 Years in Prison
By Jeff BermanThe scammer posed as a broker and obtained over $2.7 million from at least 19 investors, prosecutors say.
November 17, 2021
Senate SALT Plan Would Fully Lift Cap Within Income LimitsSanders said those earning above the top limit could still claim up to $10,000, the current maximum deduction.
November 16, 2021
AllianceBernstein Expands Offerings for AdvisorsThe firm has created a practice management consultant program with the Vanderbilt Owen Graduate School of Management.
November 16, 2021
Health Insurance Competition Heats Up: EarningsAn Oscar executive says COVID-19 added 9 percentage points to the Q3 medical loss ratio.
November 16, 2021
FINRA Looks to Hold More Exams, Arb Hearings VirtuallyThe regulator says it will probably take a more "risk-based approach" in deciding whether to conduct an exam on-site.
November 16, 2021
Venerable to Reinsure $22B in John Hancock Variable AnnuitiesThe deal will help John Hancock's parent reduce its exposure to ups and downs in the stock market.
November 16, 2021
Financial Firms Eye Up Instagram, YouTube; Compliance Pros Remain WarySocial media poses a reputational risk to firms as it explodes in volume and complexity, according to Hearsay Systems.
November 16, 2021
Vanguard Adds 5 Active Equity Funds to Personal Advisor ServicesIt's a "180-degree turn" for the passive giant, Vanguard watcher Dan Weiner says; Michael Kitces questions the choice of proprietary funds.