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SEC limits who qualifies as a public arbitrator
The Securities and Exchange Commission has approved a Finra proposal that would restrict more individuals in securities disputes from serving as public arbitrators, including lawyers who represent plaintiffs.Under the rule, anyone who has worked in the financial industry at any point in his or her
Obama's proposed budget lets unemployed workers drain their retirement savings
Breakfast with Benjamin: The president's 2016 budget lets workers tap into their 401(k)s penalty-free once unemployment runs out.
Bill would end mandatory arbitration in brokerage contracts
Legislation introduced Thursday would ban such requirements for investor claims.
Morgan Stanley settles mortgage bond probe for $2.6 billion
Breakfast with Benjamin: Plus: Buffet's opaque empire, Obama's regulatory plans and New York's efforts to keep its meat hooks in tax refugees.
Republican introduces bill to halt Obama's DOL fiduciary push
Rep. Ann Wagner says proponents are 'offering a solution in search of a problem.'
Senior Republican on Senate Banking Committee presses Finra on CARDS
Crapo tells Finra chief Ketchum system could jeopardize investor privacy, be used for government surveillance.
Ex-UBS broker claims 'inhospitable work environment'
Former broker Michael Hadden says wirehouse mislabeled customers' risk tolerance when selling potentially unsuitable products
With Obama's push, is fiduciary a done deal? Not so fast
Advisers, experts weigh in on DOL fiduciary rule's prospects and what it might end up looking like.
SEC's White sidesteps direction for fiduciary duty
SEC chairwoman says she will push the agency this year to make a decision on whether to raise investment advice standards for brokers but once again declined to provide a timeline.
House GOP tells SEC to improve adviser oversight
House Republicans who oversee the SEC told the agency to do a better job of regulating investment advisers — and to do it without a significant budget increase.
SEC's Michael Piwowar slams Finra data-collection proposal
Republican Piwowar criticizes Finra's plan for a massive brokerage data collection mechanism, asking whether it's a "solution in search of a problem."
SEC says RIA used client money to pay settlement
Jacob Cooper's RIA used investor money to settle a prior SEC complaint and fight a class action claim from investors, the regulator alleges. (Don't miss: Most outlandish regulatory blunders of 2014)
Senator says advisers need more protection in reporting elder financial abuse
Federal privacy laws should be clarified to protect financial advisers who tell authorities about suspected financial exploitation of the elderly, a Senate leader on senior issues said Wednesday.Sen. Susan Collins, R-Maine, chairwoman of the Senate Aging Committee, said giving safe harbor to
Advisers identify wrong state on ADV filings
The Securities and Exchange Commission on Wednesday issued orders against three investment advisers for falsely identifying the state where they practice on their registration documents.The agency fined Craig M. Scariot, president of Wyoming Investment Management Services, $10,000 for claiming on a
Brokers do a better job at cybersecurity than investment advisers: SEC
Brokers do a better job at cybersecurity than investments adviser, according to the SEC.