Updated Friday, August 28, 2015 as of 8:20 PM ET
BNY Mellon Tech Issues Continue to Dog Funds
The glitch's impact is widespread. Prudential, for instance, says 40 of its more than 60 funds were affected.
More in Regulatory/Compliance
Two former advisors allege they were punished and eventually fired for reporting misconduct including trainees and interns entering trades as well as misleading clients during cold calls. more »
RIAs can be an easy entry point for organizations looking to move dirty money and avoid other financial entities that have formal AML procedures in place, says FinCEN. more »
The Wall Street regulator hit Charles Schwab with the penalty for net capital deficiencies and supervisory failures. more »
The advisor, who worked at U.S. Bank, claimed that he was fired in retaliation for complaining about a co-worker who he felt made unsuitable investments for the advisor's 94-year-old client. more »
Fiduciary advocates question the math behind the opponents' estimate, calling it an "Alice in Wonderland report" without backing. more »
Marzano Capital Group joins LPL-affiliated recruiting firm Independent Advisor Alliance. more »
The Federal Trade Commission has closed its investigation of Morgan Stanley's massive data breach. It has identified the problem that allowed the breach to happen: access controls to a narrow set of reports were improperly configured. more »
The two Citigroup companies agreed to $180 million on Monday to settle charges they defrauded investors by claiming the investments in two now-defunct hedge funds were safe, low-risk and suitable for traditional bond investors. more »
The government aims to reduce the "magnitude of the injury" to clients from conflicted advice, Timothy Hauser, the official who chaired the hearings on Capitol Hill, tells Financial Planning. more »
The 294-page pay ratio rule "provides companies with substantial flexibility," while remaining true to the 2010 Dodd-Frank Act that mandated its creation, Securities and Exchange Commission Chairman Mary Jo White said Aug 5. more »
Securities and Exchange Commission members are calling for the adoption of rules requiring broker-dealers to disclose markups and markdowns on municipal securities, warning that if self-regulators do not act, the SEC will propose the rules itself. more »
The Labor Department’s fiduciary hearings featured more than 70 experts and about 40 hours of testimony. Here’s what you missed. more »
A "cautionary" note on the third day of hearings after DoL officials quiz industry attorney in the slippery task of trying to ascertain details of common commission sales. more »
Advisors on the Move: UBS Lures a $2B Mega Team
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