September 28, 2020
Finra Suspends Broker Fired After Moving Clients' Sweep Accounts
Deborah Leah Beal allegedly moved a total of $704,379.80 for 112 customers from bank deposit sweep accounts to money market mutual fund sweep accounts with higher returns.
SEC Charges Barred Broker Over Alleged Fraudulent Offering
Craig Zabala allegedly misappropriated more than $3 million of investors’ money on Ponzi-like payments and to cover personal expenses.
Finra CEO on Religion in the Workplace: ‘We Can’t Pretend It’s Not There’
Some companies need help understanding the business case for religious inclusivity in the workplace.
B-Ds Many Times More Likely to Recommend Complex Products Than RIAs
The North American Securities Administrators Association highlights the “notable differences" between broker-dealers and RIAs.
Sponsored WebcastHow to Election-Proof Your Clients’ Portfolios: From Taxes to Volatility
With the presidential election fast approaching, we'll break down the candidate's proposals and talk about what you can do to position your clients for what comes next. Sign up now.
SEC Continues Scrutiny of Self-Directed IRAs
The regulator discussed how retail investors are vulnerable to fraud because of the lack of SEC oversight in many products available in self-directed individual retirement accounts.
Wells Fargo Partners with Envestnet for Third-Party Integration
The partnership aims to streamline and secure data exchange with more than 1,400 third-party application.
2 in 5 Americans Have Saved More Amid Pandemic: Survey
Many Americans appear to be making sensible adjustments in order to continue saving as they had before or better.