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SEC, Finra nab two firms for AML violations

Chinese bank unit fined $5.3 million over anti-money laundering laxity.

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California RIA William Jordan settles with SEC on fraud charges

Adviser consents to permanent injunction; court will determine penalties.

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Mass Mutual to hike some LTC premiums by 77%

Move will affect 54,000 policyholders with older policies.

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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.

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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.

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Finra bars broker it was investigating for taking customer funds

James Knee allegedly misappropriated funds from clients at Ameriprise and Voya.

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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

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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.

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  • May 8, 2018

Finra bars former Pruco broker for diverting $47,700 from clients

Vaughn Lee Andrews-McKay was accused of using funds for his own purposes.

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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