The Practice: Regulatory/legal issues
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March 27, 2018Whistleblower Accuses Securities Watchdogs of Failing to Protect DataA complaint has been registered with SEC alleging personal information was mishandled by state and self-regulators.No Comments
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March 26, 2018The Real Reason Wells Fargo Stays in the Protocol isn't What You Might ThinkIts bank channel and salaried newbies make all the difference.Last Comment: March 26, 2018
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March 26, 2018Ex-Broker Admits to $300M Stock Fraud Ahead of TrialPump-and-dump also involved another broker, lawyer and CEO of an advice firm.No Comments
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March 23, 2018Finra Bars Broker for Impersonating ClientsSeparately, the industry’s self-regulator has barred a former Royal Alliance advisor terminated for investing away.Last Comment: March 24, 2018
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March 23, 2018Financial Pros Stumped on Pass-Through TaxThe IRS has yet to provide further guidance as quarterly payments for 2018 come due.No Comments
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March 22, 2018Morgan Stanley Rep Barred Over Unauthorized TradingSeparately, Finra has reduced the suspension of a Morgan Stanley advisor fired for undisclosed outside business activity.No Comments
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March 22, 2018Big Regional Broker Uses Protocol as Strategic Recruitment ToolNo longer self-clearing, the Kentucky-based regional is freer to focus on growing into its 12-state footprint.No Comments
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March 21, 2018Ending Broker-Dealer Oversight of RIAs May Still Leave BDs at RiskNo matter what Finra says, experts see no relief from ending RIA responsibilities at BDs.Last Comment: March 21, 2018
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March 21, 2018Wells Fargo Exec Denies FBI Probe of Wealth UnitExec tells advisors in internal memo there were no FBI interviews with Phoenix employees as reported by the Wall Street Journal.No Comments
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March 21, 2018As DOL Rule is Struck Down, Fears Resurface Over Investor ProtectionIndustry groups could be emboldened to push for a watered-down rule that's mainly about marketing.Last Comment: March 22, 2018
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