The Practice: Regulatory/legal issues
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April 6, 2018Wells Fargo Wealth Unit Steered Clients to Pricey Products, Inside Sources SayWealth management division engaged in similar pushy sales tactics that landed Wells Fargo’s bank in trouble in 2016, sources tell Bloomberg.
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April 5, 2018Insurance Group Re-Opens Comments on Fiduciary LawFollowing the defeat of the DOL’s fiduciary rule the NAIC opts for more suggestions on its model law.No Comments
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April 5, 2018Merrill Lynch Gives Up Blocking Former FAs from ArbitrationWirehouse dropped nine cases seeking to prevent former advisors from Finra arbitration over alleged $400 million in losses.No Comments
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April 5, 2018These BDs Will Work to a Fiduciary Standard, DOL Rule or NotMany broker-dealers are forging ahead with changes related to fiduciary standard, regardless of DOL rule’s fate.Last Comment: April 5, 2018
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April 5, 2018FAs Should Take Advantage of 12b-1 Reporting AmnestyAdvisors can avoid additional penalties if they self-report conflicts before June 12.No Comments
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April 5, 2018Ex-LPL FA Barred for Paying Taxes with Client FundsFormer advisor paid off around $124,000 of her own taxes with client money.Last Comment: April 5, 2018
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April 4, 2018Why We're Staying in the Broker ProtocolHint: It's all to do with how the client sees the relationship.
Transcript Video [ 5:34 ] No Comments -
April 4, 2018FPA Hires Coaches, Cuts Ties with NY ChapterThe association ended its relationship with FPA of New York following allegations of ethics violations.No Comments
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April 4, 2018SEC Sent to Mediation with FA Accused of Defrauding Pro AthleteCase involves allegations of $1.2 million in overcharges.No Comments
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April 4, 2018Morgan Stanley Fires Advisor Accused of AbuseBroker has been accused by several women of physical abuse and harassment.No Comments
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