Court rejects emergency injunction to block DoL fiduciary rule

A federal appeals court has rejected an annuities trade group’s request to postpone the implementation deadline for Department of Labor’s fiduciary rule, the latest legal setback for opponents of the controversial regulation.

FINRA fines Credit Suisse over anti-money laundering policies

The Financial Industry Regulatory Authority said on Monday it has fined Credit Suisse’s U.S.-based securities business $16.5 million for ineffective anti-money laundering programs.

FINRA, the securities industry self-regulator, found that Credit Suisse Securities (USA) LLC relied on its brokers to identify and report suspicious trading, which did not always happen.