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Pennsylvania broker hit with $200,000 fine for ‘dishonest or unethical practices’
Citing “dishonest or unethical practices in the securities business,” the Pennsylvania Department of Banking and Securities on Monday…
Wells Fargo wants mistakenly sent client data returned
Information includes names, Social Security numbers of tens of thousands of wealthy clients.
DOL fiduciary rule opponents want to push implementation back until 2019
ICI, Chamber of Commerce among groups asking for delay, while Democratic lawmakers call on DOL to keep to its earlier planned schedule of Jan. 1, 2018.
DOL fiduciary rule causing DC-plan record keepers to change business with insurance agents
Principal has communicated that independent agents must change their business models to keep receiving compensation.
Understanding algorithms is key to gauging robo fiduciary status
Regulators must learn new techniques and skills to examine robo-advisers for their adherence to the fiduciary standard.
Don’t forget: Comment period for CFP Board’s new standards ends Aug. 21
The proposed standards enhance the value of certification by establishing clear standards for the delivery of financial advice.
Sean Spicer resigns as press secretary after Anthony Scaramucci is appointed communications director
Scaramucci is known as an ardent foe of the DOL fiduciary rule, having said during the campaign that Trump would repeal it .
How to fix Social Security
Retirement expert Alicia Munnell talks about the options for mending the 82-year-old safety net.
DOL regulation translates into pay cut for some advisers
Reduction in compensation begs question of whether rule is being twisted to bolster broker-dealers' bottom lines.
House panel passes bill to replace DOL fiduciary rule with one requiring disclosure of conflicts
Measure likely to continue in partisan advance in House, but could stall in Senate.
Finra seeks to raise pressure on firms hiring rogue brokers, avoiding arbitration payments
Board advances proposals to amend membership applications to allow the regulator to scrutinize troubled brokers, pending monetary awards.
Finra bars broker who lost job after felony indictment
Dick P. Wollman was fired by Horace Mann Securities for failing to disclose his indictment and barred for not cooperating with Finra's investigation into his termination.
Bank of America’s Moynihan: No quick pullback from fiduciary rule
Chairman and CEO of the bank that contains Merrill Lynch says the DOL regulation is part of a larger trend in financial services.
Citi International reaps $1.5 million award in raiding case
Finra panel orders VectorGlobal WMG to pay damages involving the recruitment of former Citi brokers and the use of confidential information.
DOL fiduciary rule: Transfers of IRAs in the new fiduciary world
Little has been said about prudent recommendations to transfer an IRA from another firm to the adviser's firm.
House committees ready two assaults on DOL fiduciary rule this week
One is a vote on a bill to kill Labor's rule and replace it with a disclosure-based best-interest standard, while the second is legislation to prevent funding for enforcement of the regulation.
Best interest is in the eye of the beholder in debate over DOL fiduciary rule
Both sides claim they're doing what's best for the average investor.
Appointing and monitoring a 401(k) investment manager under ERISA
A recent district court decision has implications for how retirement plan sponsors should monitor their adviser.
Democrats diss draft legislation to scrap DOL fiduciary rule, set best-interest advice standard for brokers
Bill's sponsor, Republican Rep. Ann Wagner, still hopes to get bipartisan support.
LPL to roll out new mutual fund platform as DOL fiduciary rule takes effect
Broker-dealer hasn't yet determined whether the platform will be mandatory when it launches next year, given the fluid regulatory environment.
