News
Morning Brief: Facebook’s CryptoCurrency Plan Spurs Concern
Top stories from around the web.
This Week’s Top Stories: Morgan Stanley Dismisses L.A. Broker, Credit Suisse Doubles Down, and More
Most popular stories from June 16 to June 22.
Investors Win $3 Million from Indie Firm where Ponzi Schemer Once Worked
Divided arbitration panel gives 24 claimants a sliver of their $22.3 million failure-to-supervise claim but refuse to expunge records of Spire Securities executives.
At Wells Fargo, a Chance Dims to Break U.S. Banks’ Glass Ceiling
Inside Wells Fargo & Co., Mary Mack looked like a rising candidate to become its next chief executive officer, shattering the industry’s last glass ceiling.
Jones Low-Balled Customer Damage Claims, Citi Overcharged for UITs—Finra
Edward Jones agreed to pay $40,000 for allegedly inaccurate U4 complaint reporting while Ciitigroup reaches $377,000 settlement on UIT sales abuses.
Morning Brief: SEC Fills Last Commissioner Seat
Top stories from around the web.
Fired UBS Broker Celebrates Expungement of Termination Notice
Finra arbitrators clear discharge notice from Virginia broker’s regulatory record after he and UBS settle firm’s claim for $811,000 balance on his promissory notes.
Firms Fight Over $18 Trillion Held by the Poorest of the Rich
People with assets of $250,000 to $1 million are set to become a new battleground for the world’s financial firms as declining margins push them to seek out pockets of wealth further down the scale.
2020 Comp Plan: Raymond James Says ‘No Changes’
After cutting payouts in 2018, Florida-based broker-dealer signals to top producers that grid will remain unchanged in 2020 for a second straight year.
NBA All-Star Tony Parker Looks to Save Athletes From Blowing Their Fortunes
The four-time NBA champion, who retired from basketball last week, is embarking on a second career helping athletes manage their money and their futures.
Morning Brief: Fed’s Rate Cut Receptivity Buoys Stocks
Top stories from around the web.
