Broker-dealers can try shielding themselves from risk as much as possible, but lawsuits are inevitable and could prove difficult to defend, attorneys said.
Industry conversation is now turning to the regulation's impact on M&A activity.
State launches a sweep of 241 firms with above-average numbers of brokers with misconduct reports on their records.
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
Advisers know technology can improve efficiencies and foster strong client relationships, but some are finding the latest tools don't always deliver as planned.
Skybridge Capital executive's outspoken comments — including a comparison to the 1857 Dred Scott decision — sparked a debate on social media.
The firm will announce details of its strategy to comply with the DOL fiduciary rule in the next two weeks. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>
Advisers can improve client outcomes and make their own lives easier by practicing one or two new techniques.
Many plans don't offer annuities, and those that do see little participant uptake, but more regulatory clarity, better products and heightened interest will likely lead to greater prevalence.
The Skybridge Capital executive says the regulation diverts too much capital into low-cost passive funds, and he compares it to the 1857 Dred Scott decision. <b><i>(More: <a href="http://www.investmentnews.com/article/20160925/FREE/160929970/hillary-clinton-vs-donald-trump-who-are-you-voting-against" target="_blank">Hillary Clinton vs. Donald Trump: Who are you voting against?</a>)</b></i>
The best practices program will require advisers to charge reasonable fees and disclose them.
The custodian and clearing firm is quietly building an offering of digital advice integrations it offers its clients.
Plus: Congress paves the road to becoming filthy rich, NextShares gains traction, and banking on a Clinton victory
Spouses can claim benefits when mate collects disability.
This is the fourth consecutive year of COLAs falling below 2%.
Planning centric digital advice solution part of new Fidelity platform for advisers.
Spouses can claim benefits when mate collects disability.
Jeffrey Howell allegedly overvalued a UBS customer's account by as much as $3 million.
Small increase will create a Medicare nightmare as premium hikes will vary.
But increase would be seven times higher if pegged to Consumer Price Index for the elderly.
