The Practice: Regulatory/legal issues
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July 17, 2018Finra’s Cloud Tech Helps It Process 58 Billion Records DailyThe industry’s self-regulator processed a record number of electronic files in the first half of the year.No Comments
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July 16, 2018SEC Reveals Big Problems FAs Have With Best ExecutionWatchdog’s exam unit zeroes in on best execution disclosures and how they’re impacted by soft dollar arrangements.No Comments
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July 16, 2018Fiduciary Legislature at the State Level Slows But ContinuesA New York bill didn’t make it out of committee but a Nevada bill might become law.No Comments
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July 16, 2018Hurdles Advisors Face When Trying to Prove DiscriminationMost courts want plaintiffs to compare themselves to people who engaged in identical misconduct.No Comments
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July 16, 2018Whistleblower in Conflict-of-Interest Case Gets $30M AwardSame whistleblower also received preliminary approval from the SEC for another award, he claims.No Comments
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July 16, 2018JPMorgan, First Republic Report Growth in Wealth ManagementAssets under management at both firms have also expanded significantly.No Comments
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July 13, 2018Morgan Stanley Complex Manager Leaves Firm After Harassment Claims Against FAsBrokers in the Santa Monica and Beverly Hills offices he oversaw have been accused of sexual harassment.Last Comment: July 13, 2018
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July 13, 2018Trump Gives SEC Leeway Over Appointing JudgesPresident’s order follows June Supreme Court ruling that the SEC’s hiring of administrative law judges was unconstitutional.No Comments
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July 13, 2018Merrill Lynch Has a Tool to Help FAs Meet Fiduciary DutyWirehouse wants to help advisors abide by best-interest standard despite death of the DOL’s fiduciary rule.No Comments
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July 12, 2018House Democrats Push Relief for Small RIAsHouse panel also passes bill requiring the regulator to set up a senior investor task force.No Comments
