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May 14, 2018

JPMorgan Stunted My Career Because I’m Black, Former Rep Claims in Lawsuit
Advisor alleges his ethnicity, color and race dictated which branches he could serve at the broker-dealer firm.
Ex-Morgan Stanley FA Seeking $3.5M Must Pay Wirehouse $500K
A federal court has upheld a Finra arbitration panel’s decision to order the broker to repay a promissory note.
Scottrade Pushes Back on Galvin’s Fiduciary Rule Case
Company’s lawyers argue the Massachusetts securities regulator is the only one who believes the rule exists.
Finra Bars Ex-Ameriprise, Voya FA for Failing to Show Up for Testimony
Broker refused to cooperate with an investigation into alleged misappropriation of client funds.
DOL’s Fiduciary Rule is Still in Effect, Lawyer Warns
The Fifth Circuit court was expected to issue an order vacating the rule May 7 but has yet to do so.
Financial Planning Has a Massive Diversity Problem, Survey Suggests
Less than 3.5% of CFP Professionals are black or Latinx, according to the CFP Board.

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