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Reps at firm that sold GWG bonds wanted more exposure to risky alts: B-D execs
Bill Hamm of IFP Securities said the SEC started its inquiries last year into broker-dealers that had sold GWG bonds.
SEC takes aim at payment-for-order flow
SEC Chair Gary Gensler is proposing sweeping changes to the rules underpinning the U.S. stock market, including a possible auction mechanism that would help retailer investors get the best pricing for their orders.
UBS loses another YES arbitration case, this one costing more than $1 million
While the firm has prevailed in some cases involving its options trading strategy. its losses are adding up, too.
Trouble with the IRS? Let an ERPA guide you
A second-generation enrolled retirement plan agent explains how he helps companies smooth out plan problems with the IRS.
Sweeping US crypto legislation targets stablecoins, mining
While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.
Stretch IRAs still exist for some beneficiaries
Although the SECURE Act eliminated stretch IRAs for most beneficiaries, replacing them with the 10-year post-death payout rule, some beneficiaries can still use a stretch IRA.
Fending off taxes, fees and other state threats to adviser autonomy and growth
Fees, financial literacy and the freedom to work as an independent contractor are all under debate in state legislatures — and relevant to the growth of advisers' practices
SEC weighs sending retail stock orders to auctions for execution
Changes would impact the exchange businesses which display prices and aggregate trading data.
Schwab sued over payment for order flow
Three clients allege the brokerage didn’t give them the best prices for their orders.
Leading state regulator sees arbitration reform gaining momentum
A NASAA model rule gives states the ability to yank the license of a brokerage or advisory firm that dodges an arbitration award or other judgment.
Policy trumps democracy for most lobbyists ahead of midterms
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
SEC public service campaign sparks outrage online
The SEC's 'Investomania' videos are an attempt to encourage investors to research before investing, but some are upset by the videos' references to meme stocks and crypto.
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s
ForUsAll, a 401(k) provider that specializes in alternative investments, alleges that Labor exceeded its authority by trying to institute an effective ban.
Ex-broker who stole from pension plan gets 6½-year sentence
John Sherman Jumper, a 17-year veteran of the securities industry, was based in Memphis, Tennessee.
Merrill pays $15.2 million to investors who spent too much for mutual funds
The restitution settles Finra charges that the firm recommended Class C shares with ongoing fees when more affordable Class A shares were available.
SEC orders San Diego B-D to pay $800,000 over fund share class disclosures
Madison Avenue Securities didn't disclose or didn't adequately disclose conflicts associated with compensation the firm received from certain advisory client investments.
Wall Street’s lawyers attack SEC effort to crush greenwashing
Lawyers are concerned about what they consider vague demands for more disclosure.
Finra arbitrators award Mexican farmer damages against Morgan Stanley, ex-broker
The firm and the former rep were ordered to pay Carlos Ramon Tapia Sanchez $160,000 each in damages; his attorney said the broker inappropriately recommended that Sanchez invest in junk bonds.
Barred broker latest to be focus of a GWG bond complaint
Marc Korsch, who was booted from the securities industry last year, has a staggering 33 disclosure items on his BrokerCheck report.
Deutsche Bank, DWS raided over allegations of greenwashing
DWS has faced regulatory probes in the US and Germany after its former chief sustainability officer, Desiree Fixler, went public with greenwashing allegations last year.
