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Patriarch Partners CEO Lynn Tilton’s bid to block asset sale rejected as she faces SEC fraud trial
Patriarch Partners Founder Lynn Tilton can’t block a planned sale of assets in one of her former investment…
Knut Rostad: Trump adviser Anthony Scaramucci should apologize for DOL fiduciary rule remarks
'Dred Scott' comments by the SkyBridge Capital executive 'are so at odds with the DOL rule, law, logic and basic human decency, they demand a rebuke.'
SEC approves fund liquidity rule but carves out exemptions for ETFs
Many exchange-traded funds will avoid some aspects of sweeping new U.S. regulations meant to ensure that asset managers…
Finra shouldn’t hype ‘broken’ BrokerCheck to investors: PIABA
System doesn't include reasons for advisers' employment termination and other details public needs before deciding who to hire, a new report found.
DOL fiduciary rule promotes a ‘business form of skydiving’
Broker-dealers can try shielding themselves from risk as much as possible, but lawsuits are inevitable and could prove difficult to defend, attorneys said.
Finra proposes rule to prevent elder financial abuse
Measure requires brokers to establish trusted contacts on accounts and allows them to stop distributions in questionable circumstances.
The DOL fiduciary rule: Deal catalyst or deal killer?
Industry conversation is now turning to the regulation's impact on M&A activity.
Massachusetts follows Finra’s lead with crackdown on rogue brokers
State launches a sweep of 241 firms with above-average numbers of brokers with misconduct reports on their records.
Finra chief Richard Ketchum warns firms against hiring problem brokers
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
Morgan Stanley may not follow Merrill Lynch’s lead to ban IRA commissions
The firm will announce details of its strategy to comply with the DOL fiduciary rule in the next two weeks. (More: The most up-to-date information on the DOL fiduciary rule)
Twitter reacts to Trump adviser Anthony Scaramucci’s promise to kill DOL fiduciary rule
Skybridge Capital executive's outspoken comments — including a comparison to the 1857 Dred Scott decision — sparked a debate on social media.
Trump adviser Anthony Scaramucci promises to ‘repeal’ DOL fiduciary rule
The Skybridge Capital executive says the regulation diverts too much capital into low-cost passive funds, and he compares it to the 1857 Dred Scott decision. (More: Hillary Clinton vs. Donald Trump: Who are you voting against?)
Institute for Fiduciary Standard begins program to hold advisers publicly accountable
The best practices program will require advisers to charge reasonable fees and disclose them.
Former UBS broker barred for inflating customer account value, Finra says
Jeffrey Howell allegedly overvalued a UBS customer's account by as much as $3 million.
Bank of America CFO says decision to stop paying IRA commissions won’t incite Merrill Lynch brokers to quit
CFO Paul Donofrio says the bank's decision "creates significant flexibility for our advisers, and we're delivering fiduciary, best-interest advice to clients.” (More: A comprehensive, searchable database of advisers' fiduciary FAQs) .
Elizabeth Warren asks Obama to replace SEC’s Mary Jo White
Despite record enforcement at the agency, the senator focused on Ms. White's 'brazen conduct.' (More: Why advisers hate Elizabeth Warren)
Finra panel directs broker to pay $600,000 for siphoning money from two older adults
First Heartland Capital broker Jerome Scott Krause liquidated some of their investments without consent
Finra fines Ameriprise $850,000 for failing to supervise broker preying on his own family
The broker wired funds to a business account to pay himself a higher salary, unearned commissions.
Verification key to halting cyber scams
The threat of cyberattacks is very real in the financial advisory industry, but not all advisers are getting the message.
Finra suspends ex-Morgan Stanley client administrator for fraudulent wire transfer
Debra J. Ferrara agreed to be fined and suspended for releasing funds after a client's email account was hacked.
