The Certified Financial Planner Board of Standards announced that it has elected Elizabeth Miller, CFP® as its 2024 Board Chair-elect. The election of Miller came at the CFP Board’s July 2023 meeting. In announcing the selection, the board called Miller a leader in...
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Month: July 2023
Prudential wins federal appeals court ruling in variable annuity case
Prudential Financial has prevailed in federal court after being accused of misappropriating trade secrets regarding an annuity product, reports ThinkAdvisor. The U.S. Court of Appeals for the Sixth Circuit affirmed a lower court ruling that sided with Prudential in...
Allianz Global Investors U.S. sentenced for securities fraud
Allianz Global Investors U.S. LLC (AGI) was sentenced by a federal judge recently in connection with a charge of securities fraud, according to Wealth Management. The U.S. Attorney’s Office for the Southern District of New York alleged that AGI, a subsidiary of...
FINRA Board re-elects chair, re-appoints 3 public governors
The Financial Industry Regulatory Authority has released details on the most recent meeting of its Board of Governors. The board met for the first time this year on July 12-13. At that meeting Eric Noll was re-elected as the Board Chair, continuing in the role he has...
SEC approves proposed amendments to its customer protection rule
The Securities and Exchange Commission is proposing amendments to its customer protection rule, InvestmentNews reports. Under the proposed revisions to Rule 15c3-3, certain broker-dealers would be required to increase the frequency with which they compute the net cash...
