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Indicted broker a poster boy for industry critics like Sen. Elizabeth Warren
Anthony Diaz, under federal indictment for fraudulent sales of alternatives, embodies the criticisms of the likes of Sen. Elizabeth Warren.
With anti-DOL fiduciary rule lawsuits, industry organizations’ actions speak louder than words
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
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.
Firms on the hook for hiring bad brokers
Sweep reminds broker-dealers they're going to be held accountable for hiring brokers who prove not fit to work in the industry.
Broker-dealers face rising compliance costs from DOL rule, pricing competition from robo-advisers
Pershing COO says B-Ds are caught in a vise and need help with easing internal expenses.
The DOL fiduciary rule will forever change financial advice, and the industry has to adapt
The DOL fiduciary rule will forever change financial advice, and the industry now faces the challenge of adapting to the new regulation.
Other wirehouses unlikely to follow UBS lead in scaling back recruitment
The Wall Street firm will emphasize retention over costly recruitment packages.
For some advisers, money not motivating factor to go independent
Advisers choosing models with the most support forgo up to 25% of profits.
SEC fines Morgan Stanley $1 million for data-protection failures
The fine relates to an ex-broker, Galen Marsh, who took data from hundreds of thousands of the wirehouse's clients, some of which ultimately ended up online.
Weeding out rogue brokers
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
Top questions independent advisers can ask to win overlooked clients from the wirehouses
Wall Street firms' outsized account minimums are sending a negative message to retail investors. Let the wirehouses' losses be your gains.
Wirehouses escape the worst of the DOL fiduciary rule
The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades. (More: The DOL fiduciary rule covered from every angle)
Broker recruitment bonuses on DOL’s radar
Agency concerned about brokers who sell out client positions at old firm to generate commissions at new firm. (More: The fiduciary rule covered from every angle)
Cease-fire by DOL fiduciary rule opponents may not last long
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
Regulatory changes abroad hint at the DOL fiduciary rule’s potential impact
U.K., Australia both passed fiduciary rules, though their versions weren't limited to retirement advice. How have they fared, and what can U.S. advisers learn from them? (More: Coverage of the DOL fiduciary rule from every angle)
A DOL fiduciary rule everyone can live with
Final version includes a number of changes that address the most serious concerns of those who most vehemently criticized it.
Lesson from Bank of America settlement with Merrill Lynch trainees: Long hours required to make it
If the firm's executives expected trainees to work long hours without being compensated for their overtime, then they deserved to lose the lawsuit.
Frequently asked questions about the DOL fiduciary rule
Answers to common sources of confusion or misunderstanding about the new regulation.
Historical timeline of fiduciary duty for financial advice
1934 Securities and Exchange Act SEC commission in 1934 The law…
Time to get on board the fiduciary train
Many advisers and the firms they work for are still woefully unprepared for what lies ahead.
