Results for "regulation"

Displaying 5,305 results

Sort: Date | Relevance

Author:

Piwowar: Comments will be critical in shaping SEC advice rule

June 29, 2018

Securities and Exchange Commission member Michael Piwowar said Friday that public comments will be crucial in shaping the agency's reform of investment advice standards. In April, the SEC released a package of proposals designed to raise client-care...

Finra gives first report on where it spent money collected from fines

June 29, 2018

The Financial Industry Regulatory Authority Inc. has routinely been criticized for not telling members what it does with all the money it collects in fines. So this year, it decided to come clean. In its first report on fine money, Finra said...

Organizations launch campaign to get investment advisers to comment on SEC advice rule

June 28, 2018

Several organizations that promote a fiduciary standard launched a campaign Thursday to encourage investment advisers to tell the Securities and Exchange Commission how advisers are different from brokers. The goal is to generate comment letters...

SEC proposes making it easier to start ETFs

June 28, 2018

The fast-growing $3.6 trillion U.S. market for exchange-traded funds is closer to getting a shot in the arm after Wall Street's main regulator advanced a proposal for streamlining its approval process for the products. The Securities and Exchange...

Unpaid arbitration awards bill by Sen. Elizabeth Warren criticized at hearing

June 28, 2018

Legislation that would provide a remedy for unpaid securities arbitration claims was criticized at a Senate Banking Committee hearing Thursday. Written by Sen. Elizabeth Warren, D-Mass., the legislation would require the Financial Industry Regulatory...

Finra bars former broker over unsuitable alt investments, including REITs

June 27, 2018

The Financial Industry Regulatory Authority Inc. has barred Kyusun Kim, formerly a broker with Independent Financial Group, for making unsuitable recommendations that resulted in elderly clients buying illiquid alternative investments. Finra...

UBS to pay $4.3 million in Puerto Rico bonds claim

June 27, 2018

UBS Financial Services Inc. has lost another multi-million-dollar Finra arbitration award stemming from the sale of individual Puerto Rico bonds and closed-end funds. According to the arbitration award, which was decided last Friday by a three-person...

Missouri lawmaker says don't worry, law won't curb use of CFP designation

June 27, 2018

A Missouri state lawmaker is trying to reassure certified financial planners that a bill recently signed into law won't curb use of the CFP credential. Rep. Derek Grier, a Republican member of the Missouri House of Representatives, was the author...

Push to require Roth 401(k) savings over traditional plans may re-emerge

June 26, 2018

Retirement plan advisers who thought Washington had ditched the idea of requiring Roth 401(k) savings instead of traditional 401(k)s should think again. Those who closely follow retirement policy say senior legislators on Capitol Hill are again...

New entry-level securities exam seen to benefit firms, job seekers

June 26, 2018

A new entry-level exam for people who aspire to work in the securities industry should become popular because it will appeal to both job seekers and financial firms, according to training experts. Starting Oct. 1, the Financial Industry Regulatory...

Finra panel orders Woodbury to pay customers $1.1 million

June 26, 2018

A Financial Industry Regulatory Authority Inc. arbitration panel has ruled that Woodbury Financial Services must pay $970,107.21 in compensatory damages and $121,468 in interest to two clients as a result of the firm's failure to supervise a...

Merrill adds Zelle to wealth management app to let clients make payments

June 26, 2018

Merrill Lynch is updating its mobile app with some modern features that are increasingly popular among consumers. Clients can now scan and send documents to their Merrill Lynch adviser using their smartphone camera, view activity in their Bank...

Galvin charges MetLife with inflating bottom line

June 25, 2018

Continuing to turn the heat on MetLife, Massachusetts securities regulator William F. Galvin has charged the insurer with issuing misleading statements relating to its failure to make pension payments to hundreds of retirees in the state that...

Wells Fargo Advisors fined $4 million over complex product sales

June 25, 2018

The Securities and Exchange Commission on Monday said it had fined Wells Fargo Advisors $4 million and ordered the firm to pay $1.1 million in restitution stemming from the sale of complex products called market-linked investments to retail...

Independence of auditors critical when easing broker regulations

June 23, 2018

A​ pair of sister​ bills introduced in the House and Senate this month appear to be just the type of reasonable regulatory relief small businesses in the advice industry are clamoring for. The bipartisan legislation, known as the Small Business...

Hillary Clinton would have saved the DOL fiduciary rule

June 22, 2018

By fall 2016, I had pretty much given up trying to get an answer from Donald J. Trump's presidential campaign about its position on the Labor Department's fiduciary rule. Then in October, I saw Anthony Scaramucci in the lobby of the Mayflower...

Betterment slapped with $400,000 fine from Finra

June 22, 2018

The Financial Industry Regulatory Authority Inc. has fined the digital advice company Betterment $400,000 for violating the customer protection rule and not properly maintaining its books and records. From October 2013 through January 2015,...

Clayton defends SEC advice rule amid congressional grilling

June 21, 2018

Securities and Exchange Commission chairman Jay Clayton defended the agency's investment advice reform proposal Thursday on Capitol Hill, in the face of skeptical questioning from Democrats. In a hearing of the House Financial Services Committee,...

Lessons 401(k) advisers learned from the DOL fiduciary rule saga

June 21, 2018

Retirement plan advisers, especially specialists, used to complain that their broker-dealers and the public ignored them — or, worse, didn't realize they existed. All that has changed now that retirement has become a key political issue and...

AI, blockchain take center stage at SIFMA fintech event

June 21, 2018

For an indication of just how far the financial services industry has evolved on technology, look no further than its trade groups. Just one year ago, a fintech event hosted by the Securities Industry and Financial Markets Association rehashed...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 | 7 ... 266

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.