Eric Erb was ordered to pay restitution of $5.4 million to his defrauded clients.
Justice Department didn't petition the Supreme Court to rehear the case. A mandate from the 5th Circuit would finally lay the fiduciary rule to rest.
Industry coalition seeks to educate the public and advisers about the value of annuities.
But one year of higher health care costs may be worth it to lower RMDs and taxes in the future.
Justin Mair says he 'mistakenly' paid his electric bill with client money.
Flood Financial Services switches broker-dealer and RIA platforms.
Developed by Entreda, the platform will ensure every computer and mobile device is secure when accessing client data.
The move is intended to cut compliance costs for firms as well as make the registration and disclosure process more efficient.
Both companies are said to be developing target-date funds with this focus.
Tax cuts and increased federal spending now could raise U.S. deficit to 125% of GDP by 2030.
Kara Murphy never thought she'd end up on Wall Street — or be in one of the World Trade Center towers attacked on 9/11.
Will try to determine whether more than 2,000 retirement plans are abandoned.
Plan sponsors are left out of the equation because they don't appear to fall within the definition of "retail" investor, legal experts say.
Addition of $495 million Wisconsin hybrid brings AUM to $8.4 billion.
Falling unemployment and rising inflation put pressure on policymakers.
Settlement is part of a $26 million agreement between the independent broker dealer and the North American Securities Administrators Association.
Thomas Monroe and John McDermott join employee unit in West Hartford, Conn.
James Nagengast is challenging Finra's handpicked nominee, Shelley O'Connor, co-head of wealth management at Morgan Stanley.
Merrill Lynch has seen two teams exit recently, each with more than $4 billion in client assets.
At investor town hall in Atlanta, the agency's head urges clients to press advisers on fees
