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Custodians tell fee-only advisers to find a new way to stand out after DOL fiduciary rule
Now that all retirement advice must be in a client's best interest, prospects are going to hear from every type of adviser that they act as fiduciaries.
Finra bans LPL broker for depositing client funds into own bank account
The Financial Industry Regulatory Authority Inc. has barred an LPL Financial broker for depositing client funds into his…
Advisers uncertain about future but Schwab exec urges them to embrace change
Markets and upcoming elections weigh heavily on their outlook.
First set of FAQs on fiduciary rule coming ‘very soon,’ but deadline extension ‘not likely’: DOL’s Borzi
'This first set of FAQs will focus on some of the questions that have been raised in connection with the exemptions,' Borzi said. (More: A comprehensive, searchable database of advisers' fiduciary FAQs)
Adviser compensation, rollovers most complex factors under DOL fiduciary rule
Determining adviser compensation under BICE is likely the "single most complicated thing" in the rule, according to attorney Fred Reish.
Wells Fargo claws back more than $1 million from broker claiming wrongful termination, Finra says
Eric Zakarin was also liable for $357,000 of Wells Fargo's attorneys' fees.
Investors want more government spending
Also, Wells Fargo's biggest non-performing asset is its board, Kansas clamps down on bad news, and the ruby slippers are saved.
Finra alleges former broker made unsuitable energy investments for elderly clients
Retirees lost $140,000 after Christopher Ariola unduly concentrated them in energy, gold.
Sen. Elizabeth Warren’s bogus charges against SEC’s Mary Jo White
Warren's charges could be motivated by political calculation rather than concern about investor protection or information.
Adviser groups boost political spending to gain Capitol Hill influence
At least four trade associations reached their highest levels of donations in this election cycle, the FEC reports.
How fintech aims to make DOL fiduciary rule manageable
Wealth of tools popping up to help with compliance, but will require proper adviser due diligence.
DOL fiduciary rule won’t help some 403(b) retirement plans
The plans in public school districts — often a "laissez-faire" type of arrangement exposing teachers to high-fee products — won't be helped by the new regulation.
SEC bars adviser for failing to disclose conflicts of interests in commodities fund
The regulator also ordered John Leo Valentine to pay $140,000 in civil money penalties
Patriarch Partners CEO Lynn Tilton’s bid to block asset sale rejected as she faces SEC fraud trial
Patriarch Partners Founder Lynn Tilton can’t block a planned sale of assets in one of her former investment…
Knut Rostad: Trump adviser Anthony Scaramucci should apologize for DOL fiduciary rule remarks
'Dred Scott' comments by the SkyBridge Capital executive 'are so at odds with the DOL rule, law, logic and basic human decency, they demand a rebuke.'
SEC approves fund liquidity rule but carves out exemptions for ETFs
Many exchange-traded funds will avoid some aspects of sweeping new U.S. regulations meant to ensure that asset managers…
Finra shouldn’t hype ‘broken’ BrokerCheck to investors: PIABA
System doesn't include reasons for advisers' employment termination and other details public needs before deciding who to hire, a new report found.
DOL fiduciary rule promotes a ‘business form of skydiving’
Broker-dealers can try shielding themselves from risk as much as possible, but lawsuits are inevitable and could prove difficult to defend, attorneys said.
Finra proposes rule to prevent elder financial abuse
Measure requires brokers to establish trusted contacts on accounts and allows them to stop distributions in questionable circumstances.
The DOL fiduciary rule: Deal catalyst or deal killer?
Industry conversation is now turning to the regulation's impact on M&A activity.
