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DOL fiduciary rule brings different adviser standards to light
Many professional certification programs have long demanded their advisers act in clients' best interests, and not just when working with retirement accounts.
RIAs are losing their competitive advantage
Simply playing the fiduciary card to win over investors may not work the way it did in the past.
DOL fiduciary rule could spark acquisitions of RIAs as well as broker-dealers
Already expected to spur consolidation among broker-dealers, the DOL fiduciary rule could also hasten RIA mergers.
Dawn Bennett plays the victim, challenges SEC ruling
Plus: Oil is low and going lower, active managers get bested by a cat, and what you can learn from your rich neighbors
SEC approves reforms to in-house process for enforcement cases
Parties will now have more time to prepare for a hearing and be able to take depositions, but concerns of fairness remain.
SEC enforcement actions trail last year’s record numbers: Study
Agency has filed 508 enforcement actions through the first three quarters of fiscal 2016, down 8% from last year.
Lawmaker wants to give SEC defendants greater rights
Rep. Luke Messer's forthcoming bill seeks to alter administrative forums that he says 'trample' on people's rights and contribute to a fearful citizenry.
Wyoming poised to scrutinize its RIA industry for the first time
In about a year from now, 21 investment advisory firms representing about $518 million of assets will be required to switch to a state registration from the one they now hold with the SEC.
Inside broker and insurance groups’ move to block the DOL fiduciary rule
After laying low for weeks, opponents of the Labor Department's fiduciary rule finally push back.
House spending bill includes provision to kill DOL fiduciary rule
Congressional Republicans continue to fight the measure that requires advisers to retirement accounts to act in clients' best interest.
DOL clarifies that insurance firms qualify for best-interest contract exemption under fiduciary rule
The agency posted 13 technical corrections Thursday, one of which deletes six words that have caused confusion about use of the BICE.
Court date set for lawsuit against DOL fiduciary rule
Market Synergy's lawsuit, one of several targeting the Labor Department regulation, is set for Aug. 24 in a Kansas district court.
Democratic platform draft includes financial transactions tax, defense of DOL fiduciary rule
The party is set to endorse a levy on securities sales and to defend the DOL fiduciary rule when it meets at its national convention in Philadelphia later this month.
Bond shop may have to drop clients due to DOL rule
The rule changes will likely result in dramatically higher fees for many smaller clients, and one bond shop is already reacting.
Finra panel directs N.J.’s Garden State Securities to pay damages to elderly investor
Finra directs the brokerage firm to pay $142,168 due to allegations of unsuitable investments and overtrading.
Moore Capital tells hedge fund manager to pound sand after raucous Hamptons party
Breakfast with Benjamin The saga of a Moore Capital fund manager involves a $27,000 Airbnb rental, a $1 million lawsuit, and “dwarfs with Champagne guns."
SEC charges brothers with $2.7 million Ponzi scheme targeting elderly
Daniel Rivera allegedly ran a $2.7M phony real-estate venture targeting about 30 investors over six years.
Advisers identify wrong state on ADV filings
SEC cracks down on claiming Wyoming location but practicing elsewhere.
Judge’s questions show inclination to uphold DOL fiduciary rule
In first of five lawsuits against the measure, federal judge Randolph Moss not likely to grant preliminary injunction sought by the National Association of Fixed Annuities.
Building bipartisan support for the Senior Safe Act
Every day that goes by without the proper safeguards in place to protect elderly investors presents a window for unscrupulous scam artists.