Ex-Merrill Advisor Trainees Sue for Overtime
Bank of America and its Merrill Lynch unit were sued by two former financial-advisor trainees who claim they weren’t paid overtime for long days and weekend work.
More in Regulatory/Compliance
There's a lot advisors can do -- and a lot they aren't doing -- to better serve vulnerable elders, according to a new report released jointly by SEC and FINRA. more »
Michael J. Oppenheim allegedly used his position as a private client advisor to persuade at least two customers to withdraw millions out of their accounts on the promise the money would be invested in muni bonds. more »
Federal authorities for the first time have directly included rollovers and IRAs in their latest fiduciary standard proposal, and that could have a huge impact on firms in a fast-growing and profitable segment of the retirement savings industry. more »
Sources say the review of the firm's Australian wealth management business may lead to a sale. more »
Does the SEC's proposed budget reveal where the agency will be looking in the coming two years? more »
The giant IBD's lingering compliance issues should be "all done in 2015," says chairman and CEO Mark Casady. more »
Advocates for a new, stricter standard say momentum is on their side, while opponents argue that the rule-making process is too hasty. more »
Texas veteran Leroy Brown Jr. lured in soldiers and veterans with outlandish affinity fraud, according to SEC complaint. more »
The much-anticipated DoL proposal extends a fiduciary standard to thousands of brokers and advisors providing investment advice on retirement accounts without barring certain types of compensation. But details on enforcement are still forthcoming. more »
Richard Ohrn, a former Chase and Wells Fargo broker accused of stealing money from customers, was discovered Sunday after staging his disappearance. more »
The firm says they "are pleased to welcome" Thomas Buck and his team. more »
While financial institutions are apt to remain wary of the cryptocurrency and others like it, the industry is ready for more-controllable versions of its distributed-ledger technology, a new report argues. more »
As older clients start drawing down their wealth, the industry needs younger investors to ensure its future, says Janney Montgomery Scott CEO Timothy Scheve. more »
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