04/20/2018
In July, 2017, regulatory changes known as the second phase of the client relationship model – or CRM2 – were put in place to provide investors with greater transparency concerning the fees they pay for financial advice.
04/20/2018
At present, though only as of recently, investment advisers must put their clients' interests ahead of their own. However, brokers are merely required to ensure any investment recommended is appropriate.
04/19/2018
It would mark the toughest action that the Trump administration has taken against a major bank. And it is the latest blow to Wells Fargo, which for years was regarded as one of the country's best-run banks but lately has been reeling from a string of
04/18/2018
Modo provides a range of tax and legal services for both individuals and corporations, utilizing technology as a differentiating element for the provision of services.
04/15/2018
The government’s case is being handled by the Office’s Long Island Criminal Division. Assistant United States Attorneys Bradley T. King and Madeline M. O’Connor are in charge of the prosecution.
04/14/2018
A risk alert highlights areas where the commission has seen mistakes and misconduct when it comes to charging fees for financial advice
04/13/2018
Hermes will remain headquartered in London as a subsidiary of Federated.
04/13/2018
Ali Sadr Hasheminejad, who is accused of bank fraud and skirting Iran sanctions in the United States, is pleading not guilty to the charges
04/12/2018
The JEP notes that all three of the Jersey companies are shown in Jersey Company Registry documents to be registered at 44 Esplanade, at the Jersey offices of Intertrust, an Amsterdam-based trust and corporate services provider.
04/12/2018
The change walks back rules stemming from a wide-ranging reform to boost AFP access to alternatives that came into effect November 1 and banned investments in hedge funds, directly and through vehicles that mimic their strategies.
04/12/2018
At the time of his separation, Chang’s compensation account balances exceeded $880,000, including more than $600,000 related to vested deferred stock awards, according to the claim.
04/12/2018
The law firm is accelerating its strategy to grow in fast-growing areas including Kenya, Mauritius, the Caribbean, Indonesia and Malaysia.
04/12/2018
When the changes go into effect in July some new clients will pay less as a result but others may pay more, according to regulatory filings cited by the Journal.
04/11/2018
Existing principals and staff of the acquired entity will join Old Dominion as part of the deal.
04/11/2018
Mr. May worked at J.P. Morgan Securities and a predecessor firm for almost 10 years before resigning in December.
04/11/2018
In the broker/dealer channel, that’s a slippery slope because [LPL] could be paying sign-on money on assets that aren’t generating anything
04/11/2018
Wealth customers will pay based on amount of assets with firm
04/10/2018
PNC Investments, Geneos Wealth Management and Securities America Advisors steered investors towards more expensive mutual fund share classes, the agency said.
04/10/2018
Southeastern Asset Management Inc, in a letter sent to the SEC and also signed by 21 other buy-side firms, laid out why it supported the program.
04/10/2018
Canyon, which has more than $20 billion in assets, said in its filing that it discussed a vacant seat on the Navient board and the financial performance of the company.