Updated Thursday, January 29, 2015 as of 7:20 AM ET
Spike in Fake ID Schemes Confounds Banks' Fraud Filters
Fake identity fraud is growing, due to the plentiful array of consumer account and card data available in the wake of massive data breaches. It's a crime banks find almost impossible to detect and deter
More in Regulatory/Compliance
Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage. more »
The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election. more »
The claim represents more than half the awards handed out by the regulator against advisors so far this month. more »
FINRA banned a rep for allegedly forging a customer's signature on bank withdrawal slips, a move that allowed the customer's sister to steal $3,900 from the customer's account. Two others were suspended for relatively minor infractions. more »
When does it make sense to buy your list of clients? Attorney Alan Foxman explains. more »
Norm Champ, the SEC’s director of investment management, will resign after five years at the agency, the SEC said. more »
The president used his annual speech before Congress to defend Dodd-Frank while pleading that lawmakers pass cybersecurity legislation. more »
“Everybody should be concerned about cybersecurity,” says John Taft, CEO of RBC Wealth Management-U.S. more »
Pimco will fight a lawsuit by a shareholder of its Total Return Fund alleging the company gouges investors with excessive advisory fees to support billion-dollar bonuses for top executives. more »
Here's what the brokerage industry's disinformation-mongers might be telling senior brokerage executives. more »
In laying out exam priorities for 2015, regulators cite mounting complexity of products and services in the retirement space. more »
Judge has yet to rule on board's request for summary judgment; if granted, the parties would avert trial. more »
Anastasios "Tommy" Belesis, the former head of John Thomas Financial, was barred from the brokerage industry for life by FINRA for trading ahead of clients' orders. more »
The January Issue is now online!


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