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SEC charges California RIA with stealing more than $2.2 million
The money went to pay adviser Mark Boucher’s credit card bills, the agency alleges
Some lawyers warming up to virtual Finra arbitration hearings
New statistics from regulator show slow pick-up, but concerns remain over use of Zoom
SEC charges former brokers with illegal securities sales
Minish Hede, Kevin Graetz allegedly sold $9.6 million in notes not approved by their firm
Wells Fargo asset cap has hit bank hard
The Federal Reserve sanction may have cost Wells about $4 billion in profits
SEC orders firm to pay more than $1 million over 12b-1 fees
Agency charges Burbank, California-based NPB Financial Group with disclosure, best execution failures
Don’t let COVID-19 distract you from retirement
The key to success for clients planning for retirement is a regular cadence for questions to be asked and new information to be shared
DOL schedules hearing on investment advice proposal
The session is slated for Sept. 3 following pressure from Democratic lawmakers and investor advocates
Labor Department’s ESG proposal likely to advance amid overwhelming opposition
More than 95% of nearly 8,700 comment letters opposed the rule, according to a recent study by US SIF
Phony Philly adviser latest snagged for unregistered securities
Dean Vagnozzi sold millions in unregistered securities to clients who weren't wealthy enough to buy them. Why did the SEC take so long to drop the hammer on him?
Investment Company Act turns 80
The bill gave rise to fund investing — the most powerful form of financial intermediation for individual Americans
State regulators disrupt more than 200 pandemic-related frauds
The worst may be yet to come as another wave of scams is expected regarding potential vaccines, the task force announced
SEC share-class crackdown could spell the end for 12b-1 fees
The latest case has some experts wondering if any level of disclosure will suffice
Why the payroll tax holiday is a bad idea
Squeezing Social Security’s funding source could accelerate the depletion of the trust fund
Here’s how COVID-19 could test the value of ESOPs
Employee ownership plans correlate with higher income and better retention, and companies with such plans are likely doing better than others right now, according to an ESOP group
New DOL advice proposal is a step forward
Two areas for further improvement are the measure's disclosure proposal and its stance on rollovers
One PEP for all clients: Retirement Income Summit day four
The Secure Act provides numerous opportunities for advisers, and annuities are part of that, panelists said
DOL rule requires lifetime income estimates on retirement plan statements
The regulation would implement a SECURE Act provision intended to help savers assess their nest eggs
Watch that RMD deadline, and other advice from the Retirement Income Summit
Despite the relief provided by the CARES Act, people are more worried about retirement than ever, and their concept of it is changing, panelists said
Democrats oppose DOL investment advice rules as convention begins
Vice presidential pick Kamala Harris signed a comment letter seeking withdrawal of the measure in August
SEC orders firm to pay for share-class disclosure failures
Fresno, California-based SCF Investment Advisors took 12b-1 fees from mutual funds and revenue sharing from money market funds
