Schwab Ordered to Pay $4.5M to Retirees Over Complex Products
By Melanie WaddellThe award, to retired teachers and school board employees, was the biggest ever granted to Schwab customers, a lawyer says.
September 18, 2026
Firms Cheer FINRA's Comms Plan but Call for More AI ClarityFidelity and Schwab were among firms weighing in on how FINRA should regulate AI.
September 18, 2026
Advisors Say They Would Switch Firms for Better AIFor advisory firms, AI isn't just a timesaver, AssetMark finds — it's a recruiting advantage.
September 18, 2026
Creative Planning Accelerates Employee Equity OwnershipThe program encompasses roughly 1,000 of the firm's 3,000 employees, CEO Peter Mallouk says.
September 18, 2026
UBS Rep Cheated on Series 66 Exam During Bathroom Break: FINRAShay Donovan was suspended and fined for accessing personal notes and study materials, an order states.
September 18, 2026
Buffett Steps Aside as Berkshire Hathaway ChairmanBuffett remains as chairman emeritus as his son steps up to lead the board.
September 17, 2026
House Financial Services Backs Life and Annuity Registration Form BillThe highest-ranking Democrat on the panel thinks the measure could limit the SEC's ability to regulate the products' disclosures.
September 17, 2026
Raymond James Small-Business Retirement Plan Now Available Through Its AdvisorsThe firm has introduced a SIMPLE IRA Plus program.