Health insurance companies are filing suit against the Department of Labor in the same federal court that is hearing challenges to the DOL fiduciary rule, ThinkAdvisor reports. Both actions are accusing federal officials of violating administrative procedures in...
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Month: May 2024
New lawsuit filed aimed at overturning Department of Labor fiduciary rule
The United States Department of Labor is facing a new legal challenge regarding its recently adopted fiduciary rule, ThinkAdvisor reports. A lawsuit attempting to overturn the regulations was filed in the U.S. District Court for the Northern District of Texas by a...
Lawsuit accuses 2 former TD Bank advisors of stealing company secrets, clients
Two of TD Bank's former advisors who left for Raymond James have been hit with a lawsuit over allegedly breaking their non-solicitation agreements, Financial Advisor reports. TD Bank and its subsidiary, TD Private Client Wealth, filed the suit in U.S. District Court...
SEC adopts rule amendments for notifying investors regarding data breaches
Rule amendments designed to strengthen the protection of customer information and expand disclosure of data breaches have been adopted by the Securities and Exchange Commission, ThinkAdvisor reports. The SEC announced that it is updating Regulation S-P to modernize...
Compliance officers facing challenges for start of FINRA’s remote inspection program
Compliance officials in the financial industry are preparing for the Financial Industry Regulatory Authority's new rules regarding its remote inspection program, AdvisorHub reports. The plan, allowing broker-dealers to inspect their branch offices remotely rather than...
