The firm has created a new role, head of the field, and eliminated division-level leadership positions
The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. <b>Plus,<a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH/dol-fiduciary-rule-what-you-need-to-know-about-acostas-decision" style="color:#b10816" target="_blank"> what you need to know from the DOL's latest FAQs</a>.</b>
Changes include level compensation on fixed annuities and unit investment trusts.
Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal
Mutual fund sales will be limited to T shares, while municipal bonds, preferred stock and international debt will be prohibited.
Wirehouse said it intends to increase its investment in existing talent.
Jeffrey Saut of Raymond James cites the earnings potential of S&P 500 companies as an indication the market can go higher.
According to a recent court filing, the former nontraded REIT czar was keeping a close eye on adjusted funds from operation as the company was preparing to release second quarter earnings in 2014.
The Securities Investor Protection Corp. has replenished its coffers from the financial crisis and is now cutting its assessments to B-Ds. Will the savings stop there?
