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DOL fiduciary rule places risk management software center stage
Tech vendors are getting the spotlight thanks to the new regulation and market volatility.
Litigation schedule set for suits against DOL fiduciary rule
The plaintiffs and Labor Department are seeking summary judgment for the cases in a Dallas federal court, with a decision possible in October.
Merrill Lynch to pay $415M to settle SEC charges it misused customer cash
In responses to charges it misused customer cash, the wirehouse agreed to the payment and to admit wrongdoing in violations of the customer protection rule.
Jackson National’s new variable annuity hints at annuities’ future post-DOL fiduciary rule
The firm is developing its first fee-based variable annuity, which many experts say is the future of the product line in the qualified market.
Bank of America Merrill Lynch to trim mutual fund offerings
The firm hopes to make it easier for clients and advisers to understand sales charge reductions and waivers.
MetLife is second major insurer to exit the brokerage business, in the sale of adviser unit to MassMutual
MetLife is the second major insurer to exit the brokerage business, in the sale of its adviser unit to MassMutual. Mergers may be on the rise due to the Labor Department's proposed fiduciary rule.
John Oliver and Congress square off over DOL fiduciary rule
Rule advocates say it would save investors $17 billion a year. House Republicans call it 'Obamacare for financial planning.'
TIAA’s Roger Ferguson breaks with rivals to support Obama fiduciary rule
Former Fed vice chairman says he doesn't support litigation over the controversial regulation.
Former LPL broker suspended for supervisory failure, Finra says
Peter Neuberg agreed to a six-month suspension and $15,000 fine.
John Oliver’s criticism helps fiduciary duty go prime time
Recent 'Last Week Tonight' segment is just one example of the growing awareness of this issue.
GL Capital Partners’ former CEO Daniel Thibeault pleads guilty to $15 million fraud tied to loan fund
Mr. Thibeault solicited investors to a fund that reported fake consumer loans.
Indexed annuity distributors weigh launching B-Ds due to DOL fiduciary rule
The move would allow insurers to sidestep additional risk in distributing through independent agents.
Changing client records is a recurring problem among breakaway brokers: Finra
Two Finra cases this month alone underscore the efforts some registered reps take to sabotage their company when leaving.
Royal Alliance lawyers capitalize on Finra’s broken BrokerCheck
Plus: Soros fights Brexit with scare tactics, what the Queen thinks about the Brexit vote, the smart-beta evolution, and alternative retirement lifestyles
DOL fiduciary rule will lead to increased spending on technology: survey
More companies will invest in technology to help them comply with new regulation, according to a SS&C Technologies Holdings survey.
Regulators cracking down on broker-dealers for anti-money laundering violations
Large, medium and small firms are all on the radar of the SEC and Finra.
CFP Board sanctions two planners for improper use of ‘fee-only’ label
Group sent letters of admonition to the advisers for misrepresenting their method of payment as fee-only.
Camardas appeal dismissal of case against CFP Board
Florida planners will continue legal battle over use of fee-only compensation label.
Republican tax plan would reduce brackets, slash investment taxes
House Republicans rolled out a tax-reform plan on Friday that would reduce the number of individual rates to three and eliminate many deductions.
Eight ways to comply with DOL fiduciary rule
Labor Department's principles-based rule raising investment advice standards for retirement accounts gives firms flexibility in how to meet compliance.