Results for "regulation"

Displaying 4,178 results

Sort: Date | Relevance

Author:

Dawn Bennett loses $1 million arbitration claim

March 22, 2017

Dawn Bennett, a former star adviser who was thrown out of the securities industry, has lost a $1 million Finra arbitration claim for making unsuitable investment recommendations for one of her clients. The plaintiff, Steven Santagati, is to...

Bipartisan bill seeks to ease hurdle for small-business retirement plans

March 22, 2017

In a rare display of bipartisan cooperation, Republican and Democratic senators and representatives have introduced a bill that would make it easier for small businesses to offer retirement plans to their employees. "For smaller employers, offering...

Finra launches '360' initiative to review operations, 'look at ourselves from all perspectives,' says CEO Robert Cook

March 22, 2017

Finra is evaluating itself from "top to bottom" to seek ways to improve its interactions with brokerage firms and financial advisers it regulates, president and chief exeuctive Robert Cook said on Wednesday. As part of the Finra 360 initiative,...

Labor Secretary nominee Alexander Acosta says little about DOL fiduciary rule

March 22, 2017

President Donald J. Trump's nominee for labor secretary expressed support for increasing the salary threshold at which overtime must be paid to employees, but declined to commit to defend the rate put in place by the Obama administration. During...

Labor secretary nominee Acosta will follow Trump's direction on DOL fiduciary rule

March 22, 2017

In a confirmation hearing before the Senate Health, Education, Labor and Pensions Committee on Wednesday, Secretary of Labor nominee R. Alexander Acosta said if confirmed he would support President Donald J. Trump's directions to review the...

SEC watchers say Trump may not follow traditional party split on regulatory panel

March 21, 2017

President Donald J. Trump's unpredictability may extend to his appointment of Securities and Exchange Commissioner members, financial industry government relations officials said on Tuesday. Traditionally, the SEC's five commissioners are split...

Texas judge shoots down latest effort to halt DOL fiduciary rule

March 21, 2017

Opponents of the Department of Labor's fiduciary rule were dealt another blow Monday, when a federal judge in Dallas denied their latest effort to halt its implementation. Chief Judge Barbara M.G. Lynn of the U.S. District Court for Northern...

Tax reform could be 'way worse' for retirement industry than Department of Labor's fiduciary rule: Graff

March 20, 2017

Some of the reforms being weighed in Washington as part of a comprehensive tax-reform package could end up having a much more negative impact on the retirement industry than the Department of Labor's fiduciary rule, warns an executive with the...

Finra bars owner of New Jersey broker-dealer

March 20, 2017

Finra reached a settlement last Friday to bar the owner of a small broker-dealer in New Jersey for failing to respond to requests for information five months after it had filed a Wells Notice against him. In October, the Financial Industry Regulatory...

Despite uncertainty, Department of Labor fiduciary rule upends 401(k) biz

March 19, 2017

Even though its fate is unclear, the Department of Labor's fiduciary rule is upending the retirement plan adviser market, which spans the adviser spectrum from "dabblers" to defined contribution "specialists." Observers say such changes began...

Faltering congressional support for auto-IRAs leaves legislation up to states

March 19, 2017

Our private pension system has accomplished a great deal. Employer-sponsored plans provide meaningful benefits to tens of millions of middle-income working families, supplementing Social Security, and have accumulated the largest pool of investment...

Plan sponsors want help with DOL fiduciary duties

March 19, 2017

Plan sponsors worry about participants suing over inferior investment choices or high fees. At the same time, they're anxious about the Labor Department or Internal Revenue Service finding fault with their plan design or processes. They want...

House Democrats denounce DOL rule delay as comment period closes

March 17, 2017

A truncated comment period for a proposed delay to the Labor Department's fiduciary rule came to a close on Friday with a letter from 40 House Democrats denouncing the stall. In their missive, the Democrats said that the Trump administration...

Finra's lobbying expenses down, but regulator still spends heavily to make sure its voice is heard on Capitol Hill

March 16, 2017

Finra's lobbying bill fell to its lowest point in four years in 2016, but the broker-dealer regulator still spends a hefty amount to have its voice heard on Capitol Hill. The Financial Industry Regulatory Authority Inc., the brokerage industry's...

Retirement industry to undergo major changes with or without DOL fiduciary rule

March 16, 2017

The business of saving for America's retirement is changing. The retirement industry is facing a $7.7 trillion gap, and the Department of Labor's new fiduciary rule, which states that advisers must give clients the best advice at a reasonable...

Finra is asking broker-dealers, 'What's in your clients' 529 savings plans?'

March 16, 2017

The Financial Industry Regulatory Authority Inc.'s targeted reviews of 529 college savings plans date back to the mid-2000's, when the regulator began a fact-finding sweep which resulted in a number of large fines for broker-dealers. With continued...

The case for more prominently disclosing compensation and conflicts of interest

March 16, 2017

I didn't receive any questions this month to use as a source for this column. Maybe you were all too busy trying to figure out whether the Department of Labor's fiduciary rule is alive or dead? Or you could be trying to figure out how the American...

Financial Planning Coalition: DOL fiduciary rule delay harms investors, violates regulatory requirements

March 15, 2017

Delaying the Department of Labor's fiduciary rule would harm investors and violate regulatory requirements, groups representing investment advisers asserted in a comment letter on Wednesday. The Financial Planning Coalition said that the proposal...

Broker-dealer Aegis Capital facing investigation from Finra, SEC and FINCEN

March 15, 2017

Aegis Capital Corp., a mid-sized broker-dealer based in New York City with 415 registered reps, is being investigated by three regulatory agencies, according to a filing with the SEC. The Financial Industry Regulatory Authority Inc., the Securities...

Fired Waddell & Reed broker barred by Finra

March 15, 2017

The Financial Industry Regulatory Authority Inc. on Tuesday barred a former Waddell & Reed Inc. broker who was fired in January 2016 for violating the firm's professional conduct, supervisory and compensation policies. The broker, Paul D. Stanley,...

Next Page »

1 | 2 | 3 | 4 | 5 ... 209