The Practice: Regulatory/legal issues
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April 15, 2019Watchdog Continues Pursuit of $1.2 Billion Ponzi Scheme ExecsCertain Woodbridge directors were allegedly responsible for raising the money and earning more than $3 million in commissions as a result.No Comments
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April 15, 2019Wells Wealth Results Less Than EncouragingThe unit’s net income was down $137 million.No Comments
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April 12, 2019Health Insurer Settles 401(k) Suit for $23.7M Over Vanguard FeesAnthem Inc. also agreed to bring on a consultant to determine whether Vanguard funds should be part of its plan.No Comments
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April 12, 2019Why You Could be the Next Target of an SEC Probe After SCOTUS RulingThe Supreme Court has emboldened the SEC to go after more people and accelerate enforcement, lawyers say.No Comments
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April 11, 2019Brokers Gain Secret Weapon to Poach Clients from Old Firms — From Finra GuidanceB-D firms must be timely and upfront in communicating with clients about brokers who have been fired or left.No Comments
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April 11, 2019UBS Faces Survivor Benefits Suit from Deceased FA’s WifeShe claims her late husband wasn’t aware he needed to opt-in for the benefit he was eligible.No Comments
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April 11, 2019SEC Chair Wants Private Fund Investing to 401(k) and IRAsClayton says retirement savers should have same opportunities as traditional defined-benefit pension plans.No Comments
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April 11, 2019Judge Forces Ohio National into Arbitration Over Annuity Trail Commission FurorA Massachusetts federal judge says arbitration is appropriate for a suit brought by Commonwealth and one of its advisors.No Comments
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April 11, 2019SCOTUS Warns: You're on the Hook for False Info to Clients — Even if You Only Sent the EmailBroker-dealers must at least ensure materials they share are accurate and contain no material misrepresentations, a law firm says.No Comments
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April 10, 2019Ex-Merrill Lynch Associate Faces Legal Battle After Moving in with Client Prior to His DeathThe client's heirs have filed a lawsuit claiming she unlawfully moved his funds to her accounts.No Comments
