FINRA Fines Former Wells Fargo Rep Who Lied About Outside Accounts
By Jeff BermanThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.
September 14, 2021
Schwab Faces Class-Action Suit Over Cash SweepsThe firm violated its fiduciary duties by "wrongfully overconcentrating" Schwab Intelligent Portfolios accounts in cash, the plaintiffs allege.
September 14, 2021
5 Biggest State Insurance Department BudgetsThe California Insurance Department alone has more than 1,400 employees.
September 14, 2021
Ark's Cathie Wood Forecasts Soaring Prices for Tesla, BitcoinAt the SALT conference, Wood gave her Bitcoin and Tesla price targets and said courts would likely be involved in the Bitcoin ETF fight.
September 14, 2021
Social Security COLA for 2022 Estimated Near 6%The August CPI indicates a leveling of inflation; the COLA is still expected to be one of the biggest since 1983.
September 13, 2021
Morgan Stanley Expands Pact With Empower RetirementThe deal enhances the Morgan Stanley at Work division's ability to serve advisor-sold plans under $50 million in assets.
September 13, 2021
DFA Converts 2 More Active Mutual Funds to ETFsThey are the Dimensional International Value ETF and World ex US Core Equity 2 ETF.
September 13, 2021
Ed Slott Weighs In on House Democrats' Proposed Mega-IRA CrackdownThe IRA specialist tells ThinkAdvisor what he thinks of the proposals, including eliminating "mega backdoor" Roth IRAs and raising RMDs on large accounts.