Cetera Advisers Consider Leaving in Light of RCS Capital Woes
As Cetera Financial Group’s parent, RCS Capital, implodes under the weight of accounting irregularities and increasing regulatory scrutiny, many Cetera…
Read MoreMonth: December 2015
LPL Cuts Workforce and Delays Raises for Employees
LPL Financial announced this week it was doing more belt-tightening and has eliminated 70 jobs […]
Read MoreComprehensive Asset Management Agrees to Pay $475K Fine for Annuity Abuse Charges
New Jersey based Comprehensive Asset Management and Servicing, Inc. has agreed to pay FINRA a $475,000 fine to settle allegations…
Read MoreFidelity Hit With $1 Million Fine for Failing to Detect Fraud Against Seniors
This week FINRA hit the retail brokerage arm of Fidelity Investments with a $1 million fine and sanction for failing…
Read MoreCredit Suisse Sues UBS for Raiding it’s Brokers
As we reported previously, Credit Suisse has decided to exit the retail U.S. brokerage market and has been in discussions…
Read MoreJP Morgan Agrees to Pay $300+ Million to Settle SEC Charges
JP Morgan announced that it will pay over $300 million to settle SEC charges that it failed to disclose […]
Read MoreFINRA Seeks SEC Approval of New Broker Compensation Disclosure Rule
On Wednesday, the Financial Industry Regulatory Authority (FINRA) submitted proposed Rule 2273 to the SEC for formal approval. The rule,…
Read MoreMorgan Stanley Axes 1,200 Jobs
Morgan Stanley announced it will eliminate 1,200 positions, amounting to 25% of the firm’s entire fixed income trading staff as…
Read MoreSEC Enforcement Breaks Records in Fiscal 2015
The Securities and Exchange Commission focused on several new types of financial and securities abuses during 2015 and filed a…
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