Under federal law, when brokers or other registered representatives leave a position with a banking institution, that company is required to notify the Financial Industry Regulatory Authority (FINRA) with a form that includes a field that describes why the worker was leaving. It’s those filings that lawmakers are pointing to now, claiming that Wells Fargo knew well in advance that its employees were taking part in the now infamous fake account fiasco. [More]
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Senators Urge Continued Oversight Of For-Profit Colleges Amid Another Closure
By 9.30.16
For-profit college operators continued to take hits this week, as lawmakers called for federal aid restriction on the Computer Systems Institute brand, and smaller Regency Beauty Institute brand announced it would close. [More]
