Industry News

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NEWS ALTERNATIVES MAY 21, 2018
Gold bulls head for the exits on strong dollar, lack of fear

Even physical demand has been slowing.

By Bloomberg
NEWS RIAS MAY 21, 2018
Unlimited vacation time: a nice perk no one expects you'll use

It helps advisory firms recruit, but employees soon realize it's really not practical to take much more time off than the average worker. ​ 

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION MAY 21, 2018
Arbitration over employment agreement nets adviser $267,000

Finra says broker Francis Mitchell and Coastal Equities owe each other money.

By InvestmentNews
NEWS REGULATION AND LEGISLATION MAY 21, 2018
State regulators launch 'Operation Cryptosweep' to crack down on fraud

NASAA announces series of investigations, enforcement actions in U.S. and Canada targeting shady initial coin offerings and cryptocurrency products.

By InvestmentNews
NEWS REGULATION AND LEGISLATION MAY 21, 2018
Finra anticipates oversight role for SEC advice rule

CEO Robert Cook says one area for examination could be the proposed requirement that brokers act in the best interests of their clients.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING MAY 21, 2018
When skewed super-OSJ priorities raise red flags for retirement plan advisers

If a super-OSJ switches broker-dealers, overhauls its business model or ends up being acquired, that could be disruptive for the advisers that work with it.

By Rick Kent
The gig economy as a backup retirement plan
NEWS RETIREMENT PLANNING MAY 18, 2018
The gig economy as a backup retirement plan

Some workers embrace side hustles to boost their nest eggs.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING MAY 18, 2018
Rich are abuzz over tax-cutting dynasty trusts

Tax overhaul's doubling of the estate-tax exemption to $22 million has generated interest in the trusts

By Bloomberg
NEWS REGULATION AND LEGISLATION MAY 18, 2018
Pope Francis wants financial advisers to work like fiduciaries

Vatican bulletin admonishes advisers who act against the best interests of their clients.

By Bruce Kelly
NEWS INDUSTRY NEWS MAY 18, 2018
Long-term outlook for gold is upbeat given tech, emerging markets

But we should talk about the short-term outlook.

By John Waggoner
NEWS INDUSTRY NEWS MAY 17, 2018
Employees at best places to work focus on the person — and the fun

Employees at best places to work firms focus on the person and fun.

By Bloomberg
NEWS RETIREMENT PLANNING MAY 17, 2018
The gig economy as a backup retirement plan

Some workers embrace side hustles to boost their nest eggs.

By Mary Beth Franklin
NEWS WIREHOUSES MAY 17, 2018
Wells Fargo sees slowdown in advisers exiting this year

The 2016 banking scandal and public relations fiasco had alienated some of the firm's advisers.

By Bruce Kelly
NEWS RETIREMENT PLANNING MAY 17, 2018
Those in managed accounts, target-date funds get better returns than DIY investors

'Professionals pretty much everywhere will probably outperform amateurs.'

By Robert Steyer
NEWS REGULATION AND LEGISLATION MAY 17, 2018
States trying to save DOL fiduciary rule appeal rejection of effort to intervene

California, New York, Oregon ask for rehearing by full 5th Circuit Court of Appeals.

By Mark Schoeff Jr.
NEWS INDUSTRY NEWS MAY 16, 2018
Jordan Belfort, 'Wolf of Wall Street,' falling behind on restitution

Still owes $97 million; lawyer says he's 'cash strapped'; prosecutors say he's a 'deadbeat.'

By Bloomberg
Oregon auto-IRA success shows national program would 'work well,' advocate says
NEWS RETIREMENT PLANNING MAY 16, 2018
Oregon auto-IRA success shows national program would 'work well,' advocate says

Program has amassed nearly $3 million in just a few months.

By Greg Iacurci
NEWS REGULATION AND LEGISLATION MAY 16, 2018
SEC, Finra nab two firms for AML violations

Chinese bank unit fined $5.3 million over anti-money laundering laxity.

By Bloomberg
NEWS INDUSTRY NEWS MAY 16, 2018
Waddell & Reed sees flurry of senior staff departures

Firm also experiences an almost 30% decline in number of brokers and advisers.

By Bruce Kelly
NEWS RIAS MAY 16, 2018
California RIA William Jordan settles with SEC on fraud charges

Adviser consents to permanent injunction; court will determine penalties.

By Bloomberg