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Former Merrill adviser assigned to rehabilitation after racist rant
James Iannazzo, who lost his job at Merrill after a tirade at a smoothie shop, will have the charges against him dismissed after a year under supervision.
Democratic senators want to help workers with decision on pension plan buyouts
Legislation would require companies to explain to employees the benefits of taking their pension benefits as a one-time lump-sum payout versus collecting a regular income stream in retirement.
Finra dings Berthel Fisher for poor supervision of options trades
Finra said last summer that it was launching an examination sweep probing the opening of options accounts.
UBS fined $350,000 for failing to report certain trades
Finra says the firm failed to report certain trades in TRACE-eligible securities.
Archegos founder Bill Hwang hit with criminal charges
Hwang and CFO Patrick Halligan were arrested early Wednesday and charged with fraud.
Asset management firm tussles with founder over use of track record
A dispute between James Barksdale and EIC, which provides separate account strategies, could have wider implications for how advisers tout their track records.
Advisers, brokers to continue paying Tennessee tax
The state imposes an annual $400 levy, the so-called privilege tax, on members of certain professions who do business in the state.
Clean Harbors latest in shower of April ERISA cases, decisions
The environmental services company is being sued for overcharging 401(k) plan participants; meanwhile, similar cases concerning VCA and Trader Joe's heat up.
Get to know the new IAR continuing education requirement
The following answers address the most frequently asked questions regarding the new IAR CE requirements for 2022.
Finra tells firms to step up oversight of sales of liquid alts
The regulatory notice is another example of Finra's increased scrutiny of complex products.
LA broker at lead firm that sold GWG bonds hit with complaints
Tony Barouti, a broker registered with Emerson Equity, faces two investor complaints alleging $1.37 million in damages, according to his BrokerCheck profile.
Finra bans former Ameriprise rep over reimbursements
Shawn Parker of Schaumburg, Illinois, falsified $25,000 in expenses, regulator says.
FSI, FPA fight state-level taxes on financial advisers
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
Credit Suisse US pension work may be imperiled
The Labor Department gave the Swiss bank's affiliates a one-year extension of a key designation that allows them to manage U.S. pension funds, but says it will look at whether to revoke that due to the bank's misconduct.
GWG blames SEC investigation of brokers for its collapse
The SEC's probe of GWG spilled over to include the sales practices of some of the 145 broker-dealers that sold the bonds, according to bankruptcy filings.
Cannabis investments mellow as Congress tarries on decriminalization
With the Biden administration having let them down, the marijuana industry is now betting on a Republican takeover of Congress.
Finra bars no-show rep fired for fake account statements
The rep, Philip Riposo of New Bedford, Massachusetts, admitted to creating and providing clients with phony statements.
Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit
Shawn E. Good, from Wilmington, North Carolina, had clients send funds to his personal bank account to supposedly make low-risk investments in real-estate development projects,
SEC freezes assets of alleged $449 million Ponzi schemers
Three in Las Vegas charged in scheme involving purported personal injury settlements.
Former UBS adviser pleads guilty to $5.8 million fraud
South Florida resident German Nino, who faces up to 60 years in jail, is scheduled for sentencing in June.
