Meetings are being held over the next several weeks to discuss the Department of Labor's proposed fiduciary rule as it moves closer to being finalized, according to WealthManagement. The plan has been submitted by the DOL to the White House Office of Management and...
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CFP Board announces new scholarship for women seeking CFP certification
The Certified Financial Planner Board of Standards has announced a new scholarship to empower woman seeking CFP certification, reports InvestmentNews. The Peggy Ruhlin Wealth Is Women’s Work CFP® Exam Scholarship awards $625 toward the early registration rate of the...
FINRA penalizes NewEdge over alleged mispricing on bond trades
A Pittsburgh-based brokerage firm has reached a settlement with the Financial Industry Regulatory Authority over allegations of unfair pricing in corporate and municipal bond transactions, according to AdvisorHub. The case involves NewEdge Securities, the brokerage...
FINRA regulatory report advises member firms on 2024 compliance challenges
The Financial Industry Regulatory Authority issued a report to provide guidance to member firms on various compliance matters they may be dealing with this year, WealthManagement reports. In its 2024 Annual Regulatory Oversight Report, FINRA gives firms insights and...
Bank of America, Wells Fargo offering access to bitcoin ETFs
Two major banks have begun offering spot bitcoin exchange-traded funds to their eligible wealth management clients, according to AdvisorHub. Bank of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit are providing the ETFs, which invest directly in...