The penalty is the regulator's largest ever relating to anti-money laundering compliance.
The custodian cites too many tech options as the reason to end its dashboard partnership.
The U.S. Chamber of Commerce, SIFMA, FSI, IRI, the Financial Services Roundtable and several Texas business groups joined a lawsuit to block the Labor Department's landmark fiduciary regulation. <b><i>(Related read: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL fiduciary rule from all angles</a>)</i></b>
More Americans with jobs say they plan on being septuagenarian employees, but working longer has its drawbacks.
The more access to credit unemployed people have, the choosier they are about the jobs they take. But is that a good thing?
No-cost brokerage trades also an option for bundle of products.
The lawsuit may push the rule to the next presidential administration, which could ultimately kill the rule.
DOL's rule accelerates an opportunity for these firms to wrap products into advice-driven online platforms.
Plus: Don't make these mistakes with closed-end funds, the sleeping risks in auto loans, and when leaving at 7 p.m. on Friday is perk
Fund manager sued last year over allegedly mismarking loans.
<i>Breakfast with Benjamin</i> New research suggests that some tech-crazy millennial investors are moving beyond the robos to work closely with human financial advisers.
The best performing fund was iPath's exchange-traded note (OIL), which pumped out a cumulative 81.9% gain.
These tools have helped Morningstar's Sheryl Rowling stay on top of business while traveling abroad.
Investors yank money from stock funds in time to miss May rally.
Plus, new research also identifies in which states retirees fare best and worst.
New regulation has broad reach, so when in doubt, use the best interest contract exemption, assistant secretary says.
<i>Breakfast with Benjamin</i> Paying attention to how stocks trend between August and November could be a giveaway for which party's candidate will be elected president.
Lawsuit is perhaps the first example targeting small retirement plans.
He pitched a fictitious hedge fund to investors and used their money for his personal benefit
