Finra said the firm failed to mandate and enforce its own written supervisory procedures, resulting in the unsuitable sale of L-share variable annuities tied to long-term riders.
Six Cetera broker-dealers allege the insurer will be breaching its contractual obligations by withholding millions of dollars in trail commissions from their brokers.
At the same time, investors are pulling funds from high-yield bond funds.
Growth at the biggest tech companies is slowing at the same time criticism of Silicon Valley's monopolistic tendencies is rising
Stocks, oil and corporate bonds all plunged, while safe havens like Treasuries and gold stood still.
The personnel changes come weeks after the insurer's controversial decision to stop paying trail commissions on some annuities.
Management makes public statements about weaknesses at company's funds.
The Fidelity CEO, along with the president of personal investing, discuss record earnings, allegations of sexual misconduct and the challenges facing a changing industry.
And none of them have anything to do with the death of the DOL rule
Use of ESG investments is increasing year over year, and women show the highest levels of interest and understanding of their benefits
The move follows Fidelity's debut of zero-fee index funds and the 40% drop in overall fund fees over the past two decades.
Whether it's crude oil, General Electric, bitcoin or bonds, things keep blowing up
There's a risk advisers could see quality of care suffer for their clients in these sorts of deals.
This is the first known arbitration filed against the insurer for its decision on variable annuity commissions.
With the measure's demise, will the SEC's advice reform sustain the momentum?
Medicare doesn't cover medical costs outside the U.S.
Jurisdiction is shared between the SEC, Finra and state insurance commissioners. Will any of them step in?
Transatlantic deal will benefit rich U.S. clients with multijurisdictional relationships.
A change in auditors can be perceived as a red flag by many investors.
Products that employ derivatives to boost their returns threaten the reputation of the ETF market, says Robert Jackson.
