The Practice: Regulatory/legal issues
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July 23, 2019How High-Risk Reps Are Now Under a Much Harsher SpotlightBut the shift means resources have been taken away from monitoring lower-risk reps and firms.No Comments
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July 23, 2019Merrill Lynch Wealth Management Boss Explains How Barriers are Being Broken at the WirehouseSieg says clarity from Bank of America’s president has helped drive the integration.No Comments
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July 22, 2019N.J. Fiduciary Rule Proposal Draws More Industry IreAnd a representative for the U.S. Chamber of Commerce says the rule will likely be challenged in court.No Comments
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July 22, 2019Big Morgan Stanley Punishment Leaves Lawyers Wondering What's NextThe wirehouse was hit last week with an unprecedented sanction for attempting to conceal evidence.No Comments
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July 22, 2019Merrill Lynch Hit with $40 Million Settlement and Faces Further $42 Million From Similar ClaimThe wirehouse was ordered to pay a customer who alleged churning.No Comments
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July 19, 2019A Firm, its Execs and a Broker Ordered to Pay $1.16 Million Over Complex Product SalesBerthel Fisher & Co. allegedly sold clients inappropriate complex products including real estate investment trusts and direct participation programs.No Comments
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July 19, 2019Morgan Stanley Ordered to Pay $3.3 Million After Apparently Concealing EvidenceThe Finra arbitration concerned Puerto Rico bonds.No Comments
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July 19, 2019Trump Names DOL Rule Killer and Justice Scalia's Son as New Labor Department BossEugene Scalia is set to replace Alexander Acosta, who resigned over criticism of his role in the plea deal of convicted sex offender Jeffrey Epstein.Last Comment: July 19, 2019
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July 18, 201956 Broker-Dealers Settle for $89 Million in Restitution for Harmed Account HoldersThe settlements are part of a mutual fund fee waiver initiative and a sweep of broker-dealers.No Comments
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July 18, 2019Woodbury Fined $225K Over Alleged Supervisory Lapses in Annuity AdditionsThe alleged lapses affected more than 3,800 transactions of $25,000 or more from June 2013 to June 2015.No Comments
