January 15, 2021
Stifel Sued Over Sexual Assault and Harassment Complaints
Client service associate Patricia Olivieri alleges the company didn’t properly investigate an executive after he put his hand on her buttocks and told her stories about rape and his sex life.
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January 13, 2021
Can Celebrity Endorsements, Client Reviews Drum Up Business? It Depends
Provisions under the SEC’s new advertisement rule for advisors may not do enough to bolster business and may be more beneficial for larger firms, consultants and marketing specialists say.
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January 13, 2021
Biden to Name Former CFTC Head Gary Gensler to Head the SEC: Reports
The move would likely mean a commission that's tougher on Wall Street than it had been under Jay Clayton, experts say.
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January 13, 2021
Wells to Freeze PAC Contributions in Response to U.S. Capitol Siege
The bank says it will halt all political contributions for the foreseeable future in light of last week’s events, joining Morgan Stanley, Bank of America and JPMorgan.
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January 13, 2021
Wells Fargo Wins $3M Arbitration Award from Ex-Broker
John Gregory Schmidt has already been barred by Finra, settled with the SEC for more than $1 million and received a five-year prison sentence.
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January 12, 2021
BofA, Morgan Stanley, Others Freeze PAC Donations After U.S. Capitol Violence
JPMorgan Chase will pause donations for six months and Citigroup through March 30, while Goldman Sachs is freezing donations and analyzing how politicians have acted through the presidential election.
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January 12, 2021
First Step to Crypto for FAs: Understand the Regulations
Transcript Video [ 3:13 ]
The "first place that firms are getting into trouble is that they are not appropriately evaluating the regulatory posture of what they're considering," says Carlo di Florio, chief services officer at ACA Compliance.
Transcript Video [ 3:13 ]
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January 12, 2021
Finra Fines, Suspends Ex-Ameriprise Rep Over Short-Term Liquidations
Angel Wynette Bardeche allegedly caused 32 customers to pay close to half a million dollars in total sales charges during a roughly two-year period.
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January 11, 2021
Ex-Senator Urges Biden SEC to Outlaw Order Flow Payments
Carl Levin writes in the Financial Times that high-speed traders must be getting better prices than what they’re offering the customers of brokerages they’re paying for the orders.
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January 11, 2021
Finra Again Postpones In-Person Arbitration Hearings
The self-regulator says it has now pushed back in-person arbitration and mediation hearings to April 2.
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