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Get serious when choosing SEC chief
We’ve only just begun. Those words remind some of us of the 1970s hit by The Carpenters, and…
Legislation could improve saving and investment opportunities for disabled Americans and their families
Three amendments to the ABLE Act would allow individuals and families to put money away for qualified disability expenses on an after-tax basis.
W.P. Carey’s Goldberg straightens out adviser misconceptions about DOL fiduciary rule
Executive has been listening to advisers' worries for months, and finds serious confusion remains about responsibilities under the new regulation.
DOL overtime rule could raise employment costs for support staff
Under the regulation, any employee who makes less than $47,476 annually will earn overtime pay.
Trump victory prompts optimism, risk-taking among wealthy investors, UBS survey finds
More than half of those surveyed plan to talk to their financial advisers about policy changes that will impact their investment portfolios and financial planning strategies.
Finra complaint: Dawn Bennett failed to testify on possible fraud linked to her clothing company
Ms. Bennett is being investigated for a debt deal done while working at Western International Securities.
Finra: Broker cheated elderly couple out of $70,000 for bogus financial planning services
Adviser was facing IRS liens when he charged clients in their 90s for four years' worth of financial planning.
Adviser allegedly took $529,000 from investors in Ponzi scheme
Stephen S. Eubanks used the money to fund his lifestyle and pay earlier investors, according to William Galvin, Secretary of the Commonwealth in Massachusetts.
Former Citigroup broker claims she was victim of gender discrimination
Adviser said she was reduced to a "glorified secretary" and fired after reporting a superior for violating insider trading rules.
Ask the Ethicist: How to make a U-turn after retirement
Can a retiree with a small practice join a firm without giving up her hourly clients?
Trump may kill DOL rule, but financial advice industry still needs fiduciary regulation
The DOL version may be cumbersome, but there are enough examples of bad behavior in the business to justify tightening regulatory standards.
The amazing vanishing DOL fiduciary rule?
In the end, will the new rule survive? Just as there are paths to ultimate revocation, there are also paths to survival.
Trump administration could stymie DOL fiduciary rule by dropping legal defense
Instead of proposing new regulations or legislation to kill it, the new administration could simply stop fighting several lawsuits brought against the rule. (More: The most up-to-date information on the DOL fiduciary rule)
Independent RIA managing $395 million of client assets joins LPL Financial
Puplava Financial Services joins a wave of independent RIAs moving to larger broker-dealers.
Hybrid RIA managing $2.2 billion in client assets joins Securities America from LPL Financial
WealthPLAN Partners was with LPL for 27 years.
Raymond James will continue to allow commissions for IRAs under DOL fiduciary rule
Firm anticipates expenses could go up $28M in next fiscal year, in large part because of costs connected with the fiduciary regulation. (More: A comprehensive, searchable database of advisers' fiduciary FAQs)
JPMorgan settles China hiring charges for $264 million
Plus: The Fed hints yet again, Wunderlich Securities brings in $500M, and Credit Suisse shutters leveraged/inverse oil ETNs
Advisers can’t be passive when it comes to DOL rule’s fiduciary principles
Each of the underlying duties of the fiduciary rule's best-interest standard — loyalty, care and individualization — require advisers to take specific actions.
Finra hits Oppenheimer & Co. with $3.4M penalty for reporting, fee-waiver failures
Finra imposed $3.4 million in sanctions on Oppenheimer & Co. Inc. for the firm’s missteps in reporting internal…
Advisers and clients worry about Obamacare changes under Trump
Some advisers rely on the Affordable Care Act to insure themselves and employees, and now fear that it could be repealed or substantially changed.
