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September 13, 2018

SEC Won't Bother Making Meaningful Change to Best Interest Proposal, Decries Investor Advocate
We’re back to where we were pre-DOL rule, says investor protection advocate.
Who’s Being Sued for Job Discrimination?
Here’s the list of how many times the biggest firms have been sued in the last 18 months.
Merrill Edge, Now with Hundreds of Billions in Assets, Will Get a Massive Injection of Advisors
Bank of America plans to continue growing its digital advice offering with the addition of 600 new investment centers by 2020.
What does Trump's RMD Review Mean for FAs and Their Clients?
An Executive Order tasks Treasury to review the 70 ½ trigger age for Required Minimum Distributions of 401(k)s and FAs say some changes to advice may be in store.
Judge Orders Big Payout from Ameriprise to Terminated Broker
The firm apparently fired the broker after her sales assistant had gone rogue.
SEC Fines Advice Firm, Principal and Broker Over Unsuitable Recommendations
The regulator also got the firm to pay disgorgement and interest to harmed investors.
Former Cetera Boss Launches Wealth Management Consultancy
New firm will provide growth consulting and M&A advice and funding to wealth management firms.
SEC May Speed Up Vote on Regulation Best Interest
With no replacement announced for departing Democrat, SEC chair may go ahead with three votes.