<i>Breakfast with Benjamin:</i> Brokers pouncing on 401(k) biz. Plus: The Clintons dodge the estate taxes they support. The Fed wants to add exit fees to bond funds, U.S. banks on the edge of new funding rules, Congress mulls investor confidence on your dime, El-Erian sides with the IMF, and merger mania is alive and well.
After firing James Holbrook Jr. in May, the regional brokerage alleges the former chief executive used corporate credit cards for personal expenses and company resources on sporting events.
Recent history shows that connecting with legislators in Washington is time well spent.
Tittsworth letter encourages agency to reallocate existing resources to bolster examinations.
William Galvin in Massachusetts and his securities regulator counterparts in Illinois are surveying state-registered investment advisers to determine their cybersecurity readiness.
<i>Breakfast with Benjamin:</i> BlackRock calls Ukraine a market threat. Plus: JPMorgan gets a slap on the wrist from Finra, Yellen ponders fuzzy unemployment data, where the gold rally is headed from here, and the emergence of subprime business loans.
Chairman says agency has the authority to implement such a rule.
From system infiltrators to social engineers, scammers seek access to advisory firms' weakest points of entry.
Analysis finds brokers who fail basic securities exams have more dings on BrokerCheck.
Independent B-D spends $8.8 million to resolve litigation prior to acquisition by RCS Capital.
The Massachusetts Securities Division, led by William Galvin, targeted many of the wrong firms in questioning 401(k) record keepers about employers moving to an annual match instead of contributing each pay period.
Fines for bad actions are yesterday's news; today, sanctions come with acknowledgment of guilt and potential for personal liability and loss.
Both SIFMA and FSI cautious about Finra proposal to strengthen its database.
Bruce Kelly reports about Meyers Associates, a small New York broker-dealer with five times the industry average of registered reps with marks, or 'disclosure events' on their record.
As deadline for federal insurance looms, advisers report mixed results
Link compensation to investment outcomes, majority of CFA holders say in survey.
Houston radio host George Jarkesy charges the regulator denied him due process in a fraud case.
<i>Breakfast with Benjamin:</i>Oil spikes as Iraq's stability crumbles. Plus: Hedge funds bristle at Obama's latest executive order, the significance of the Dow at 17,000, how active managers are helping index investors, and quantitative analysis is being applied to golf scores.
An adviser who became a client of Dynasty in 2012 has faced two separate series of actions in the past year, most recently a Wells notice from the SEC's California office. Bruce Kelly has the story.
What's for <i>Breakfast with Benjamin</i>? The Iraq crisis hits another asset but in a good way. Plus: Oil spikes to nine-month high, a looming student loan crisis, how Goldman cashed out early on Alibaba, and a tribute to dads.
