The Financial Services Institute is pleased to see the regulator putting forward a broad-ranging slate of common-sense improvements, writes FSI CEO Dale Brown.
Every day that goes by without the proper safeguards in place to protect elderly investors presents a window for unscrupulous scam artists.
The Labor Department's determination to move ahead with the fiduciary rule in spite of others' grave misgivings has left us with no other choice than to bring this issue before a court of law.
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
One of the most intractable issues facing the advisory business is the severe imbalance in examination frequency between broker-dealers and RIAs.
Group has established a resource center on state laws and agencies to help vulnerable clients.
Not only would state-run plans undermine existing healthy competitive private markets for retirement plan products and services, but they are not be a good deal for American workers.
Too complex and cumbersome, provision would exclude investments such as alternatives from list of options.
Proposal would force RIAs to comply with both the SEC standard and Labor Department's rule, FSI says.
The vigilance of the network of advisers, broker-dealers, clearing firms, product makers and others is needed to keep criminals at bay.
