Suzanne Barlyn – Page 6

SEC seeks data for possible broker fiduciary plan

August 24, 2021 at 12:12 a.m.

(Reuters) - The top securities regulator issued a sweeping, long-awaited request to the financial services industry and the public on Friday for information that could help determine whether to require...

FINRA to appeal Charles Schwab class-action ban ruling

August 24, 2021 at 12:02 a.m.

(Reuters) - The Financial Industry Regulatory Authority will appeal a ruling that allowed Charles Schwab Corp to require customers to waive their right to participate in class-action suits, a spokeswoman...

U.S. panel orders Deutsche Bank, ex-adviser to pay $934,000

August 23, 2021 at 11:17 p.m.

(Reuters) - U.S. securities arbitrators ordered Deutsche Bank Securities Inc to pay a couple and their trusts a total of $934,000 after a one-time adviser allegedly swindled them in a...

Do arbitration pacts go against clients’ best interests?

August 23, 2021 at 11:15 p.m.

(Reuters) - A U.S. state regulator is taking issue with arbitration agreements many registered investment advisers require their clients to sign when they open accounts, saying they conflict with a...

Morgan Keegan wins in $9.6 million case filed by Memphis nonprofit

August 23, 2021 at 10:41 p.m.

(Reuters) - A Memphis-based nonprofit group that claimed Morgan Keegan & Co misrepresented a money-losing bond fund has lost a $9.6 million securities arbitration case against the brokerage, according to...

Citi and UBS must arbitrate auction rate case: court

August 23, 2021 at 9:54 p.m.

(Reuters) - Two Wall Street brokerages must arbitrate a healthcare organization's claim stemming from $234 million in auction rate securities in a dispute over who is considered a "customer" for...

Fast-changing social media makes advisers scramble

August 23, 2021 at 9:46 p.m.

(Reuters) - Fast-changing features on social media sites are triggering a new wave of compliance challenges for financial advisers at a time when many are just becoming comfortable with the...

Wealth management industry wary over year ahead

August 23, 2021 at 9:06 p.m.

NEW YORK (Reuters) - After four of the most difficult years many can remember, brokerage executives and advisers are on edge about their ability to generate profits in 2013. Equity...

Cliff fears, tax rises mean payday for tax advisers

August 23, 2021 at 8:57 p.m.

(Reuters) - The imposition of increased U.S. tax rates on the nation's highest earners is expected to provide a mini-bonanza for the army of lawyers, accountants and tax advisers who...

Wells Fargo ordered to pay investors $1.3 millionn for flawed strategy

August 23, 2021 at 9:02 p.m.

(Reuters) - A unit of Wells Fargo Corp must pay $1.3 million to a California couple for losses tied to a strategy that included a $5 million loan and a...

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