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Salesforce adds CRM features to help advisers grow businesses
One new business tool highlights client opportunities
SEC slaps restraining order on Chicago adviser for allegedly scamming seniors
Daniel Glick doctored statements, siphoned millions from elders' accounts, regulator says.
Change in Washington shouldn’t include cutting tax deferrals
Removing the tax savings element of workplace retirement plans would surely make saving less appealing.
Broker, RIA found guilty of $15 million stock fraud
Duo scammed 100 investors in pump-and-dump scheme.
Morgan Stanley eliminating commissions, finder’s fees in 401(k) plans
Morgan Stanley Wealth Management is eliminating commission payments and finder’s fees for its advisers servicing 401(k) plans, shifting…
Resolving Nick Schorsch’s legal problems taking a long time
Criminal trial for an associate is slated to start in June, but little has been resolved on civil side.
Merrill Lynch and Morgan Stanley: A tale of two fiduciary 401(k) business models
Each firm uses an approach that mitigates risk, but some observers say they're more for show than potential problem solving
SEC chairman nominee Clayton not asked about key adviser issues, reveals no specific plans
Jay Clayton spent most of his confirmation hearing fending off questions about conflicts.
SEC moving to bar former broker from Financial Network Investment Corp.
William Bucci, who has already been barred by Finra, pled guilty to charges of securities fraud last June.
Community bank B-D fined for selling seniors unsuitable investments
Massachusetts orders Investment Professionals Inc. to pay $100,000 fine.
Finra launches ‘360’ initiative to review operations, ‘look at ourselves from all perspectives,’ says CEO Robert Cook
CEO Robert Cook said self-regulator is seeking ways to improve its interactions with brokerage firms.
Bipartisan bill seeks to ease hurdle for small-business retirement plans
Measure directs Labor and Treasury Departments to allow employers and sole-proprietors participating in similar retirement plans to file a single aggregated Form 5500.
Labor Secretary nominee Alexander Acosta says little about DOL fiduciary rule
During confirmation hearing, he talks mostly about overtime and minimum wage issues, although he's noncommital about his positions on those matters.
Dawn Bennett loses $1 million arbitration claim
Client claims she recommended he invest in a gold ETF, which the arbitrators agreed was an unsuitable investment for him.
Labor secretary nominee Acosta will follow Trump’s direction on DOL fiduciary rule
Questioned by Sen. Warren about the regulation, Alexander Acosta said, if confirmed, he will carry out executive orders from 'my boss.'
Texas judge shoots down latest effort to halt DOL fiduciary rule
Chief Judge Barbara M.G. Lynn denied the financial trade association plaintiffs' motion for an injunction to stop the regulation.
SEC watchers say Trump may not follow traditional party split on regulatory panel
The president could appoint two independent members or simply leave the vacancies open.
Finra bars owner of New Jersey broker-dealer
James Carrazza of Olympus Securities failed to report federal tax liens on his employment record and would not provide the regulator with requested information, according to Finra.
Tax reform could be ‘way worse’ for retirement industry than Department of Labor’s fiduciary rule: Graff
Limits could be placed on 401(k) contributions as a way to help pay for broad corporate and individual tax cuts, according to Brian Graff, head of the National Association of Plan Advisors.
Faltering congressional support for auto-IRAs leaves legislation up to states
Auto-IRA programs have been enacted in five states that would cover an estimated 10.4 million workers.
