Financial Execs Should Consider their U5 in Severance Negotiations
A public radio piece last October about fallout from the Wells Fargo scandal involving unauthorized bank accounts is a telling lesson for any executive in the securities or banking industry. In “Workers Say Wells Fargo Unfairly Scarred Their Careers,” National Public Radio told the story of Jeremy who worked in a Wells Fargo branch in […]
Challenges Mount to DOL Fiduciary Duty Rule
The U.S. Department of Labor has proposed a new fiduciary duty rule that would require the financial services industry to comply with rigorous “transparency standards” by April 2017. As of June 27, 2016, there are at least five lawsuits challenging the rule. Three were filed in the US District Court for the Northern District of […]