Displaying 10200 results
Former IFS broker barred for fraudulent, private deals
Finra says Francis Joseph Gendlek caused investors to lose $620,000.
Morgan Stanley sued for racial bias
Suit from former wealth manager comes a decade after the bank's settlement of class-action discrimination lawsuit.
Edelman launches initiative to get D.C. to focus on retirement security
The investment adviser has joined forces with a Washington think tank, but their effort must overcome partisan gridlock.
Finra expands crackdown on rogue brokers
Regulator will also start looking at brokers who work alongside high-risk brokers or associate with them.
Securities class-action lawsuits set record in 2017, report finds
The rise was driven by a sharp increase in litigation related to mergers and acquisitions
Reining in cryptocurrency top priority for SEC
Clayton trains sights on offshore platforms where digital currencies are bought and sold.
SEC censures Indiana-based RIA Mohlman Asset Management
Agency also bars Louis Mohlman Jr. for two years over loans to clients.
House approves legislation to help advisers combat senior exploitation
The Senior Safe Act provides liability protection for financial professionals who report cases of suspected elder abuse to regulators or other authorities.
DOL fiduciary rule responsible for drop in Stifel adviser headcount: CEO
The firm's CEO said many advisers retired rather than deal with business disruption from the regulation.
As tax season gets underway, clients are looking ahead to how tax bill will affect 2018 returns
Advisers can put strategies in place now to make sure that there will be no hidden surprises this time next year.
As Trump prepares for State of the Union, 50% of advisers approve of his job performance
Percentage is 10.3 points higher than the general population approval rating.
Finra should fix budget shortfall by tackling expenses
The agency must adjust to the shrinking number of B-Ds.
Capital Group, sponsor of American Funds, wins 401(k) lawsuit
Decision comes as financial services companies, especially those focused on active management, have been sued for self-dealing.
Finra elder-abuse rule could trigger delicate conversations between brokers, clients
Regulation taking effect Feb. 5 requires reasonable effort to find trusted contact, allows brokers to stop fund disbursement.
New York lobbies for nationwide ‘best-interest’ standard for life insurance sales
Such a rule would mark a big shift in the way life insurance is currently regulated by the states.
How new leadership at DOL could address retirement rules
The incoming head of the Employee Benefits Security Administration may pursue new regulations around 401(k) issues such as annuities.
Major financial trade groups to CFP Board: Slow the effort to raise mark’s fiduciary standard
Major financial trade groups want the Securities and Exchange Commission to go first.
Finra arbitrators award $878,712 to broker wrongfully terminated by Ameriprise
But suspension remains in effect until April
Finra suspends, fines broker for posting fake sex ads
Paul Betenbaugh admitted to impersonating a former Edward Jones colleague on Craigslist to disparage the competitor.
Finra arbitrators award more than $4 million in case against rogue broker
The settlement would make the harmed investors whole, but can they collect?
