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Ex-Raymond James broker faces criminal charges for defrauding elderly customers
The SEC filed a parallel civil complaint against Frederick M. Stow for stealing nearly $1 million
Auto-IRA bill awaits governor’s signature in Colorado
It will become the latest state to move forward with a retirement savings program for private-sector workers
401(k) lawsuits keep piling up
At least four lawsuits involving plans with more than $1 billion have been filed over the past few weeks
Just 2 states require their investment advisers to file Form CRS
Rhode Island, Oklahoma advisers join SEC-registered advisers in meeting June 30 deadline
SEC tees up virtual meet-ups for fintechs
The regulator is encouraging innovators to reach out with specific questions or to discuss general issues
Finra bars former J.P. Morgan bank rep for stealing
David Austin took $144,000 from three customers for his personal use
SagePoint censured and fined $300,000 over UITs
Finra says the Advisor Group unit failed to supervise early rollovers of unit investment trusts
Fed chairman predicts slow recovery for jobs market
Powell plays down the May jobs gain and suggests it will take years to get U.S. employment back to its pre-pandemic level
SEC approves Finra rule setting minimum fee for expungement requests
New floor of about $8,300 is meant to end the ‘$1 trick’ for brokers seeking quick clearing of records
Few use CARES Act to tap retirement savings
Even though plan sponsors are offering easy access to retirement accounts, few workers have taken advantage of that
Rising rates may lead to Fed yield-curve control, Gundlach says
DoubleLine executive's comments come as the spread between 5- and 30-year Treasury yields hits its steepest level since 2016
Why living-room lobbying may be here to stay
The pandemic has pushed trade associations to virtual meetings to make their case with lawmakers
What an RIA should think about if it’s considering disclosing a PPP loan
Examining the Securities and Exchange Commission's response to a question on this topic can provide some guidance
SEC bars adviser charged with fraud
Tamara Steele and her Indianapolis-based firm, Steele Financial, agreed to disgorgement of $845,760 and a $75,000 civil penalty
Finra’s fine proceeds to upgrade technology, track trading, educate investors
The self-regulator used $39.5 million in fines plus another $31.6 million from reserves for the initiatives
Court says fraud will cost Navellier more than $31 million
The SEC case alleged the firm and its founder knew, but didn’t tell, about misrepresentations of fund performance
Finra adds human resources officer
Rainia Washington becomes the lone African-American executive at the regulator
Private equity in 401(k)s? Not anytime soon
Very few plans include investments that use PE, and guidance this week from the Labor Department might not change that.
Finra orders Merrill Lynch to pay $7.2 million over mutual fund overcharges
The brokerage reimbursed customers a year ago, earning a break on sanctions for cooperation
SEC charges Florida RIA with second books-and-records failure
E*Hedge Securities, which was operating COVID-related investment websites, ‘does not appear qualified’ to register as internet adviser, the agency said
