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June 11, 2019

Morgan Stanley, UBS, Merrill Lynch, Wells Fargo Update Parental Leave Policies
But some of the revised policies still deter fathers from taking their leave days, says a lawyer.
Former Morgan Stanley Broker Fined, Suspended Over UITs
The advisor recommended clients roll over UITs more than 100 days prior to maturity on 900 occasions, according to Finra.
The Big Problem with 401(k) Plan Clients That Could Lose You Business
401(k) advisors could fall victim to a gap in understanding between employers and enrolled employees.
Navigating Compliance Amid SEC’s Reg BI and State Fiduciary Rules
The SEC has stopped short of preempting state fiduciary rules.
Retirement Lobby Group Says Legal Battles Over SEC’s Reg BI May Be Imminent
Consumer groups and legislators have voiced strong opposition to the newly-approved rule.
Dynasty Gives Breakaway Advisors Option to Take on Forgivable Loans
During the loan period, Dynasty will receive a percentage of the advisors’ revenues to cover loan interest and regular principle servicing, among others.
Fidelity Clearing Offers Discounted Loans for M&A Capital
Fidelity will offer firms that use its custody services M&A loans with discounted origination fees through a new relationship with Merchant Investment Management.
LPL Launches Advisor Sleeve to Help with Scale and Efficiency
The new technology provides advisors with the ability to act as their own strategist, LPL says.