The Practice: Regulatory/legal issues
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April 10, 2019Morgan Stanley Loses Appeal on Annuity Distribution SuitAn appeals court rules that the firm and the broker must defend a lawsuit alleging the plaintiffs suffered close to $300,000 in tax liabilities as a result of allegedly negligent advice.No Comments
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April 9, 2019Finra Fines and Suspends Ex-LPL Broker Over Viatical SettlementThe broker allegedly participated in a private securities transaction via a viatical settlement, against LPL policy.No Comments
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April 9, 2019State Insurance Official Fired After Arguing an FA Should be BarredCase highlights how regulators and arbitrators can come to different conclusions about broker conduct.Last Comment: April 9, 2019
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April 9, 2019Warren Buffett Reveals Strong Views on Next Wells Fargo CEOHiring a Goldman Sachs or JPMorgan veteran would “draw the ire” of lawmakers, Buffett tells the Financial Times.No Comments
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April 8, 2019Galvin Wants One-Page Fee Table from Investment AdvisorsThe document would include information already available on Form ADV Part 2A.No Comments
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April 8, 2019Fiduciary Advocate Says Opponents of Fiduciary Standard Are DisingenuousPresident of the Institute for the Fiduciary Standard also writes that objections from the industry to state-level fiduciary rules have no merit.No Comments
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April 5, 2019Why Big Firms Have Paid Billions in ERISA Class ActionsNonprofit finds 201 settlements or verdicts involving the largest 1,700 public and private companies.No Comments
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April 4, 2019Trump to Nominate Former SEC Lawyer for Open Commission SeatAllison Herren Lee served as counsel to outgoing Commissioner Kara Stein.No Comments
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April 4, 2019Morgan Stanley Faces Lawsuit Over Handling of Alleged Child Porn ClaimsFormer Morgan Stanley broker says firm didn’t act appropriately when he reported a co-worker for sharing disturbing material.No Comments
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April 4, 2019Maryland Senate Finance Committee Rejects Fiduciary BillInsured Retirement Institute hopes Maryland Senate will work with federal regulators for consistency.No Comments
