Industry News

FINRA fines Ameriprise and clearing firm $750,000

FINRA has fined Ameriprise Financial Services, Inc. and its affiliated clearing firm $750,000 for failing to have reasonable supervisory systems in place to monitor wire transfer requests and the transmittal of customer funds to third-party accounts.

By Staff |March 4, 2013

2 min read

Tax reform may end budget impasse: Boehner

John Boehner, the speaker of the House of Representatives, says the resolution of U.S. deficit may lie in tax reform and a debate over next year’s budget, reports FT.com. Boehner, who is opposed to any suggestions of tax increases as a solution to tackle the issue of deficit, admits there’s “no resolution at hand to […]

By Staff |March 4, 2013

1 min read

JPMorgan advisors told to follow script, or leave

An elite group of advisors at JPMorgan Chase were allegedly pressured by company brass to push the bank’s own products or be shown the door, according to a New York Times DealB%k investigative report.

By Staff |March 4, 2013

1 min read

Insuring seniors costly, but worth it

It’s a well understood truth that the best deal on life insurance can be had when the client is young and in relatively good health. But just because the premiums on seniors are much higher, the need for insurance in your golden years may still make it a good deal.

By Al Emid |March 4, 2013

3 min read