Unless Howard Present pays $12.4 million in penalties, interest and disgorgement, he can't be reinstated
Payment would settle class action filed by current and former reps over commissions, expenses.
Proposals would allow restrictions and supervison to be imposed while disciplinary action is still being decided.
Solo practitioner wonders if he can still describe his practice as a fee-only if he takes on financial planning work from a friend who earns some commissions.
The Labor Department's more aggressive stance has made the tasks of finding missing retirement plan participants more demanding.
But dually registered advisers back the regulator's effort to get broker-dealers out of their hair.
New analysis quantifies the effect on Medicare premiums and Social Security benefits.
The centerpiece of the proposal, the Regulation Best Interest rule, is not fiduciary and isn't uniform.
Regulator has chalked up some welcome changes, but the work is not done.
A year after launching its self-examination, the regulator is getting both praise for its efforts and calls for more concrete results.
Despite having made some changes, calls for more open meetings persist
BackEnd Benchmarking's Robo Report found SoFi used emerging markets and high-yield munis to protect client assets.
Wilson Dennis Colberg-Trigo awarded $1.2 million, but owes $854,000.
Fund company says Stacy Schaus was paid well, but was an 'ineffective' manager.
EBRI says almost two-thirds of employees who are happy with their benefits have high morale.
They're drowning in debt, but are highly educated and have decades to get on track.
Let's not fool ourselves that the conduct allegedly being investigated at Wells Fargo is limited to one firm.
Bipartisan effort focuses on ways to improve private retirement benefit programs.
The new technology could threaten smaller advisory firms, according to research from Lex Sokolin.
Potential pitfalls include lack of detail on best-interest standard, demarcation between sales and advice.
