Displaying 10212 results
CAT implementation uncertainty gives broker-dealers strategic options
Firms should address shortcomings in data reporting now.
SEC reaches $3.6 million settlement with Voya over securities lending
Voya wrongly recalled securities it had loaned out to mutual fund clients early in order to give a tax benefit to its insurance affiliates.
Senate bill aims to boost 401(k) annuities, small-employer retirement plans
The bill is nearly identical to one that unanimously passed the Senate Finance Committee in 2016.
Finra panel awards $404,482 to client after broker overdoes put options
Investor alleges Allegis and former broker Brandon Curt Stimpson put him in unsuitable investments, violated fiduciary duty and engaged in unauthorized trading.
Tax law: How to get the pass-through deduction by reducing taxable income
Advisers are only eligible for the full 20% deduction if their income is less than $157,000 for singles and $315,000 for married couples.
Finra unpaid arbitration increased in 2017, PIABA report finds
Lawyers group calls on broker regulator to set up fund to compensate investors.
Finra bars Madison Avenue rep fired after arbitration
No-show at hearing on outside deals leads to action against repeat offender David Barber.
Sen. Warren introduces bill targeting unpaid Finra arbitration awards
Legislation directs the regulator to use fines to establish a pool of money to cover shortfalls.
How to design a 401(k) plan that’s lawsuit-proof
High fees are a red flag, but prudence is the ultimate key to defeating a claim, according to advisers and attorneys.
Wall Street doesn’t get much relief in Dodd-Frank reboot
The Senate bill seems intent on not helping the giant financial institutions that fueled populist anger in the lead-up to the 2008 financial crisis.
Fidelity sues former rep, Merrill Lynch for soliciting clients
Fidelity claims Christopher Corcoran's conduct threatens approximately 200 Fidelity client households, representing more than $528 million in client assets.
Merrill Lynch tries to avoid arbitration in dozens of cases with former executives
About 60 former wirehouse staff claim they lost about $400 million when their Merrill stock dropped in 2007-08 due to the firm's exposure to mortgage-backed securities.
Finra bars former Morgan Stanley broker accused of accepting loans from clients
Michael Ralby declined to take part in the investigation, leading to the regulator's action.
Warren, Daines bill would help establish a database for orphaned 401(k) accounts
National database would allow workers to check for forgotten 401(k) money after a job change.
Georgetown sued for allegedly violating fiduciary duties in its 403(b) plans
Plan participants claim 'inefficient and costly' system.
Finra orders Citi to pay $4 million in wrongful dismissal case
Broker Christian S. Gherardi of Miami had sought $16.5 million in damages.
Massachusetts finds MetLife ‘missing’ pensioners, Galvin says
Two months after the insurer provided the names of those owed pension payments, the state has located the majority of them.
Finra restitutions more than doubled in 2017, disciplinary actions study finds
Eversheds Sutherland says regulator imposed fourth highest total sanctions over past decade
Finra bars former Stephens broker for no-show at hearing
Regulator investigating withdrawals from bank account of ex-rep Norris Roberts Jr.
Appeals court orders fiduciary breach case vs. Transamerica to be dismissed
The three-judge panel reversed a ruling by a U.S. District Court judge in Los Angeles.
