Displaying 10194 results
Finra sanctions two Wells Fargo B-Ds for failure to supervise VA switches
Firms will pay $1.4 million in restitution to about 100 clients and fines of $675,000
Advisers wary of becoming gatekeepers to private markets
The Investment Adviser Association wants discretionary clients of fiduciaries to be accredited
Latest 401(k) lawsuit filed in an avalanche of COVID-19 litigation
The law firm Capozzi Adler has brought numerous cases this year on behalf of plan participants
SEC charges Connecticut hybrid adviser with stealing $300,000 from client
Matthew Clason allegedly liquidated securities and transferred the proceeds to a joint account
Massachusetts begins enforcing fiduciary rule despite Reg BI
Secretary of the Commonwealth William Galvin could take a more aggressive approach toward advice regulation than the SEC
Fund industry opposes DOL’s proposed ESG rule
Asset managers including Fidelity, BlackRock and State Street submitted comment letters criticizing the proposed rule
Envestnet hit with data security lawsuit
The complaint claims Yodlee’s distribution of client data caused thousands of dollars in economic losses to each individual involved
GAO wants better benefits information for divorced spouses
Report says the Labor Department's information about claiming retirement benefits may be insufficient
Finra censures and fines Wells Fargo $350,000
Regulator says the firm failed to supervise reps’ sales of risky energy securities
Robinhood’s rapid rise yields irate traders, US probes
Both the SEC and Finra are now investigating Robinhood's handling of its March outage, sources say
The race for small-business 401(k)s
More companies are pursuing small businesses for 401(k) plans, with technology enabling an abundance of new services
Reaching the next generation of investors via ESG
Given the growing interest in ESG, rules and regulations that seek to restrict ESG investments are short-sighted and ultimately negatively impact investors
Credit Suisse uncovers fraud at wealth management unit
Forged documentation on an over-the-counter contract for a client led to a loss of about $11 million
GPB problems come home to roost for advisers
Investors take aim at an adviser, who sold GPB products, in numerous Finra arbitration claims
Fed adopts more relaxed approach to fighting inflation
The adjustment in monetary policy could keep interest rates low for years to come
Envestnet denied motion to dismiss claims in $100 million lawsuit
A Delaware judge denied the TAMP's motion to dismiss the allegations, which include fraud and trade secret misappropriation
SEC halts fraudulent offering by Florida RIA
Coral Gables Asset Management and its owner, David Coggins, falsified results on a private fund they managed, the agency charges
SEC expands sophisticated investor pool
Democratic commissioners, other critics say the agency lacks understanding of risks posed by private market
SEC charges California RIA with stealing more than $2.2 million
The money went to pay adviser Mark Boucher’s credit card bills, the agency alleges
Some lawyers warming up to virtual Finra arbitration hearings
New statistics from regulator show slow pick-up, but concerns remain over use of Zoom
