The Practice: Regulatory/legal issues
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March 24, 2016Agency Chair Warns SEC Fiduciary Rule May Differ From DOLBut the watchdog might not agree on a rule at all, says Mary Jo White.
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March 24, 2016Scottie Pippen’s FA Gets Three Years for FraudEx-Morgan Stanley money manager was convicted of five counts of fraud.No Comments
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March 23, 2016Morgan Stanley Ordered to Pay Estate of TV Network Co-FounderWidow of ex-boss at Home Shopping Network wanted $475M for unauthorized trades, but was awarded $34M.No Comments
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March 23, 2016DOL Fiduciary Rule Release Reportedly April 4Date may still be pushed forward into spring, according to sources.Last Comment: March 23, 2016
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March 22, 2016Advisor Pleads Guilty to $1.5 Million Ponzi Scheme“Remarkably unsuccessful” scheme lost money for 30 investors, including advisor’s family.No Comments
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March 21, 2016Finra Alleges Broker Churned $1.7 Million in FeesWatchdog also fines firm $200,000 for failing to give sales charge discounts.No Comments
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March 18, 2016DOL Frees Employee Stock Ownership Plans From Fiduciary RuleLabor Secretary offers to walk critics through all the changes to conflict-of-interest protections.No Comments
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March 18, 2016Edward Jones Smacked Over Muni Short PositionsAnother firm was fined $40,000 for selling munis below minimum denominations.No Comments
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March 18, 2016TAMPs Angling to Win Big on Fiduciary ChangesOutsourcers see expansion as inevitable amid new regulatory regime.Last Comment: March 18, 2016
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March 17, 2016SEC Nominees Question DOL RuleConcerns arise over why the SEC’s input was allegedly ignored.Last Comment: March 18, 2016
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