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Finra arbitration panel awards registered representative $417,000 for wrongful termination, defamation
Arbitrators held Southwest Securities Inc. liable for compensatory damages and recommended expungement of the termination explanation on the rep's Form U-5.
Hotel chain targeted in 401(k) fee lawsuit alleging $29 million in damages
Plaintiffs claim excessive fund fees cost participants roughly $20 million, while high record-keeping fees cost them an additional $9 million.
IHT buying $700 million advisory firm as businesses seek scale
John Napolitano's U.S. Wealth Management to be acquired by IHT over five years
Platinum Fund co-founder Mark Nordlicht indicted in $1.7 billion fraud case
Federal prosecutors say the hedge fund's industry-beating returns were based on lies.
Two traders accused of $26M stock manipulation
The pair are accused of artificially moving prices of lightly traded stocks, via 23,000 trades over a two-year period. (More: SEC sets record in enforcement actions against investment advisers )
Court ruling gives advisers ammo to fight the SEC over administrative law judges
Court of Appeals rules judges are unconstitutional because they were hired rather than appointed. (More: The SEC's case against Dawn J. Bennett )
Ameriprise adviser’s data breach offers cybersecurity lesson
Because employee carelessness is a leading factor in internet troubles, advisory firms should offer regular training on best practices, experts say.
Appeals court sends 401(k) fee case Tibble vs. Edison back to District Court to be reheard
The opinion vacated the Los Angeles District Court's ruling that the case could not proceed because of a statute of limitations on three of six funds in question.
DOL issues final rule on city retirement programs
The regulation is similar to one issued in August around state retirement programs.
DOL fiduciary rule delay likely and death not out of the question
The rule could ultimately be killed or replaced, but only one course of action by firms provides certainty.
Finra enforcement chief Brad Bennett to resign
Regulator brought broad, sweeping cases and also ramped up its crackdown on smaller infractions during Mr. Bennett's six-year tenure. (Related read: Advisers want Finra to focus on the 'bad guys' and leave the rest alone)
Finra wants to speak with fired Wells Fargo reps connected to cross-selling scandal
Citing news articles with Wells Fargo workers questioning why they were fired after the bank’s recent cross-selling scandal…
Finra slaps Credit Suisse unit with $16.5 million fine for anti-money-laundering failures
Finra hit Credit Suisse Securities (USA) LLC with a $16.5 million fine on Monday for failure to monitor…
How the DOL rule will change the product mix and portfolio constructions advisors offer
The following is an excerpt from a new research paper, “Shifting the foundation: How the DOL fiduciary rule…
Appeals court denies NAFA motion for emergency injunction of DOL fiduciary rule
Appeals court denies annuity group's request for emergency injunction to delay implementation. (More: Federal court rejects NAFA attempt to kill DOL fiduciary rule )
Prudential halts some insurance sales through Wells Fargo after ex-employees’ whistleblower lawsuit
Plaintiffs allege wrongful termination after urging their employer, Prudential, to take action over seemingly fraudulent sales of life insurance policies by Wells Fargo's retail bank.
Wells Fargo to keep commission retirement accounts under DOL fiduciary rule
Wirehouse says its decision preserves customer choice, and it comes as speculation swirls over the regulation's fate.
Centralized Data Exchange Can Support DOL Fiduciary Rule Compliance
https://www.investmentnews.com/wp-content/uploads/assets/graphics src=”/wp-content/uploads2016/12/CI108208127.JPG” The U.S. Department of Labor’s (DOL’s) fiduciary rule for retirement-investment advisors has raised many, as-yet-unanswered…
Members of Donald Trump’s DOL landing team oppose fiduciary rule
While the president-elect's pick to head DOL hasn't said anything about the rule, others on the team have objected to it.
SEC to have skeleton crew in first half of 2017
A Securities and Exchange Commission in flux for several months to start 2017 will probably avoid controversial rulemakings…
