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Senate bill aims for higher SEC enforcement penalties
The bi-partisan legislation would permit the regulator to pursue larger fines through its administrative process
DOL fiduciary rule supporters question agency’s quick read of comment letters before sending final delay to OMB
Advocates for the rule say the Trump Department of Labor is moving too quickly.
DOL sends final fiduciary rule delay to Office of Management and Budget
The OMB will review the final rule and, if it approves the measure, send it back to the DOL to finalize the delay.
DOL fiduciary rule changes not one size fits all
Broker-dealer changes affect how advisers can do business.
Pooled employer plans set to dominate small 401(k) market
Market forces are in place for the so-called pooled employer plan (PEP for short)…
Finra bars broker charged in NY pension fund hookers, strippers and drug scandal
The "pay-for-play" bribery scheme involved the $184 billion New York State Common Retirement Fund and payments for hookers, strippers and drugs.
Employee feud scaring clients of Independent Portfolio Consultants
Workers tried to force TAMP into bankruptcy, then pulled petitions, but damage was done.
Salesforce adds CRM features to help advisers grow businesses
One new business tool highlights client opportunities
SEC slaps restraining order on Chicago adviser for allegedly scamming seniors
Daniel Glick doctored statements, siphoned millions from elders' accounts, regulator says.
Change in Washington shouldn’t include cutting tax deferrals
Removing the tax savings element of workplace retirement plans would surely make saving less appealing.
Broker, RIA found guilty of $15 million stock fraud
Duo scammed 100 investors in pump-and-dump scheme.
Morgan Stanley eliminating commissions, finder’s fees in 401(k) plans
Morgan Stanley Wealth Management is eliminating commission payments and finder’s fees for its advisers servicing 401(k) plans, shifting…
Resolving Nick Schorsch’s legal problems taking a long time
Criminal trial for an associate is slated to start in June, but little has been resolved on civil side.
Merrill Lynch and Morgan Stanley: A tale of two fiduciary 401(k) business models
Each firm uses an approach that mitigates risk, but some observers say they're more for show than potential problem solving
SEC chairman nominee Clayton not asked about key adviser issues, reveals no specific plans
Jay Clayton spent most of his confirmation hearing fending off questions about conflicts.
SEC moving to bar former broker from Financial Network Investment Corp.
William Bucci, who has already been barred by Finra, pled guilty to charges of securities fraud last June.
Community bank B-D fined for selling seniors unsuitable investments
Massachusetts orders Investment Professionals Inc. to pay $100,000 fine.
Finra launches ‘360’ initiative to review operations, ‘look at ourselves from all perspectives,’ says CEO Robert Cook
CEO Robert Cook said self-regulator is seeking ways to improve its interactions with brokerage firms.
Bipartisan bill seeks to ease hurdle for small-business retirement plans
Measure directs Labor and Treasury Departments to allow employers and sole-proprietors participating in similar retirement plans to file a single aggregated Form 5500.
Labor Secretary nominee Alexander Acosta says little about DOL fiduciary rule
During confirmation hearing, he talks mostly about overtime and minimum wage issues, although he's noncommital about his positions on those matters.
