Patrick Donachie

National wirehouses have been drawn into the political fallout from the SCOTUS decision to return the issue of women’s reproductive rights to states. Independent firms, with few exceptions, have been more muted in...

FINRA released a report from independent counsel Lowenstein Sandler, concluding there was no agreement between Wells Fargo’s counsel and the regulator to exclude certain arbitrators.

Patrick Egan’s interim suspension went into effect on June 21. Egan is a representative with the California-based firm Western International Securities, which was also named in the SEC's complaint.

The DOJ charged Martin Ruiz for stealing client funds, using the money for personal expenses and renting New York City apartments.

The program is an integrated part of the company’s existing platform to assist IARs in the states with rules on the books based on NASAA’s template for CE requirements.

The Aloha State is the 27th to enact a rule or law based upon the model passed by the National Association of Insurance Commissioners, intended to align state regs for annuity sales with the SEC’s Regulation Best...

According to the commission, Western International Securities and several of its reps ran afoul of the rule by recommending and selling $13.3 million in high-risk L Bonds.

More than half of U.S. states now have passed a best interest rule for annuity sales based on an NAIC model.