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CFPB complaints jump during pandemic: Report
Consumers are reporting more problems with credit reports and money-transfer services
Wells Fargo files with SEC to offer ETFs
The wirehouse will become the latest major asset managers to enter the fray
Purshe Kaplan Sterling in another million-dollar arbitration settlement
Payment linked to adviser who committed suicide in 2017
SEC orders AIG unit to pay $40 million for disclosure violations in teacher retirement plans
Effort highlights agency’s teacher initiative, but expert calls it ‘slap on wrist’
SEC cites deficiencies in Form CRS filings
Initial reviews show disclosures could be ‘clearer or otherwise improved’
SEC, DOL take different approaches to regulating ESG investing
The DOL proposal likely would chill the use of socially responsible investments in retirement accounts; the SEC focuses on disclosure
SEC charges Michigan broker with taking $1.15 million from clients
Mark Hopkins, who was barred by Finra in 2019, said he would put the funds in an investment earning 6% or 7%
DOL’S ESG proposal would hurt retirement accounts
The proposal fails to account for evidence that long-term investors, like retirees, are likely to earn better returns
Democrats vow to scrap Reg BI in party platform
Financial advisers should be 'legally obligated' to put clients’ interests first, according to the draft document
Compliance fintech tackles Reg BI
Silicon Valley-based La Meer rolled out three online portals to help advisers comply with new regulations
Matrix Trust Co. sued over alleged lack of 401(k) fee disclosure
The Broadridge affiliate has not filed notices required by the DOL, plaintiffs in a class-action lawsuit claim
DOL urged to address conflicts in pooled employer plans
But there is little consensus on how to do so, according to comment letters submitted this week to the regulator
Court upholding $6 million award against Credit Suisse could bolster clawbacks
Arbitration lawyer says decision sends signal to ‘Wall Street bullies’; Credit Suisse points to wins in other cases
Koch Industries sued over 401(k) plan fees
The class action alleges the company didn’t prudently monitor record-keeper expenses
SEC approves rules expected to limit activist investors
The agency's overhaul targets proxy advisory firms like Institutional Shareholder Services and Glass Lewis
House panel looks at COVID-19 impact on Social Security
Bills have been introduced in both the House and Senate that would adjust the formula to avoid a drop in benefits for those who turn 60 this year
NASAA study on aging advisers suggests firms consider requiring succession plans
Regulators say older advisory workforce may have issues related to cognitive impairment
SEC nominee Crenshaw vows to hold financial firms accountable for mitigating conflicts
SEC member Peirce, up for re-nomination, says crypto regulation is high on her agenda
GPB Capital reports nearly $200 million drop in AUM
The alternative asset manager parts ways with an auditor and its valuation company
UBS slapped with $10 million fine for SEC violations
The bank allegedly allocated bonds intended for retail customers to 'flippers' who resold them to broker-dealers for profit
