SEC, Finra nab two firms for AML violations
Chinese bank unit fined $5.3 million over anti-money laundering laxity.
California RIA William Jordan settles with SEC on fraud charges
Adviser consents to permanent injunction; court will determine penalties.
Mass Mutual to hike some LTC premiums by 77%
Move will affect 54,000 policyholders with older policies.
A millennial’s perspective: The frustrating misconception advisers have about building a Next Gen value proposition
Determine how your offering can flex along with your clients' needs, no matter their stage in life or circumstance.
Adding diversity: A man’s eye view of a women’s conference
Exploring the role men should take to increase diversity and boost women in advice.
Finra bars broker it was investigating for taking customer funds
James Knee allegedly misappropriated funds from clients at Ameriprise and Voya.
FedEx shifts pension obligations by purchasing $6 billion group annuity
The pension risk transfer is the biggest since 2012, when Verizon purchased a $7.5 billion annuity
Finra fines Fifth Third Securities $4 million for variable-annuity violations
In second major VA enforcement action against Fifth Third, firm also must pay $2 million in restitution.
Finra bars former Pruco broker for diverting $47,700 from clients
Vaughn Lee Andrews-McKay was accused of using funds for his own purposes.
Auto features boost plan participants’ retirement income replacement level
Participants who are auto-enrolled are on track to replace more of their income in retirement, Empower survey shows