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June 7, 2019

Here’s How Much Time, Resources and Money Complying with Reg BI Could Cost Broker-Dealers
Cetera’s regulatory affairs head lays out the enormity of Reg BI’s compliance requirements.
Reg BI is “Worse Than Doing Nothing,” Says This Consumer Advocate
Investors will be misled into trusting that their brokers are providing higher quality advice than they’re legally required to provide, this critic says.
New Jersey Reviewing SEC’s Reg BI Amid its Own Fiduciary Rulemaking
The state's proposed fiduciary rule remains open for comments until June 14.
Morgan Stanley Wins TRO Against Ex-Broker Within 24 Hours of Filing
The wirehouse offered as proof of its allegations a gift mailing list and a video recording.
Wells Fargo May Make Interim CEO Permanent
In March, reports surfaced that the scandal-plagued firm was looking at outside executives to fill former CEO Tim Sloan’s seat.
Former Interim RIA Chief Exits Raymond James
Maria Daley, who had taken over last year as interim chief of the firm’s RIA custody business, was passed over for the permanent position this March.
Two More Merrill Lynch FAs Jump Ship for This Growing Rival
Kevin Karrh and Zachary Hope have joined Stifel Financial in Texas.
Rockefeller to Reach $36B AUM by Year's End
CEO Greg Fleming says tech advances facilitate luring advisors and clients from big rivals.
LPL Lures $185M WM Practice from Waddell & Reed
Teton Wealth Management joins LPL’s broker-dealer and corporate RIA platforms.

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