One customer with stage 4 cancer allegedly had nearly all her assets placed in a variable annuity.
In addition, Voya Financial and four Cetera Group firms will pay customers $6.3 million in restitution.
Morgan Stanley clients may also choose individual retirement accounts that are fee-based.
The new rule represents an important reflection of regulatory thrust underscored by consumerism. <b>Plus, watch <a href="//www.investmentnews.com/section/video?playerType=Events&eventID=Morningstar2013&bctid=2477367578001&date=20130613"" target=""_blank"" rel="noopener noreferrer">Mr. Bogle make the case for why anyone handling money for investors should be a fiduciary</a>.</b>
On a tear before the election, the average fund is down 4.4% after it because of president-elect's rhetoric about countries like Mexico and China.
After a seven-year bull market, few funds have offsetting losses to reduce those gains. Expect the biggest distributions from small-cap funds.
If you're saving for retirement or other long-term goals, too much fear and caution can be dangerous.
New rules require weighing claiming strategies against competing income goals.
Three amendments to the ABLE Act would allow individuals and families to put money away for qualified disability expenses on an after-tax basis.
Clients want their priorities taken care of in a non-conflicted way and want to be empowered to make better financial choices.
Executive has been listening to advisers' worries for months, and finds serious confusion remains about responsibilities under the new regulation.
New report details the high cost of living longer with fewer resources than men.
Regulator said reps were incentivized to sell firm's annuities and discouraged from selling non-proprietary products.
Technology can enable a more efficient human connection during times of financial uncertainty.
A number of longtime 401(k) plan designs fail to reflect a new workforce, according to a Government Accountability Office report.
In their race to expand, RIAs are attracting unusual investors who are sometimes willing to offer better terms and take longer views of their investments than traditional lenders.
Variable annuity sales are headed for their lowest annual sales total in nearly two decades, as broker-dealers embrace indexed annuities and the DOL fiduciary rule looms.
Edward C. Johnson III to become chairman emeritus.
