Firm will pay $650,000 for suitability, compliance and books and records violations.
Voya's about-face comes amid heightened regulatory scrutiny as customer complaints about buffer annuities have surfaced.
Insurers are introducing fixed-rate deferred annuities with income guarantees to circumvent BICE.
They are cheap, but no panacea during a serious downturn.
Cash, alternatives, international all beckon, but all have pros and cons.
Average net expense of all mutual funds drops to 0.57%.
Congress might double contribution limits separately if health care bill falls apart in Senate, consultant says.
Some proactive planners are spelling out for clients the impact of a 10% or 20% correction.
As Trump agenda derails, municipal bonds are benefitting from flight to safety as well as a mismatch between bonds maturing and new issues.
Jeffrey Saut of Raymond James cites the earnings potential of S&P 500 companies as an indication the market can go higher.
But the category overall has seen lower returns this year.
Uncertainty around the rule may be contributing to tentativeness from advisers and distributors.
According to a recent court filing, the former nontraded REIT czar was keeping a close eye on adjusted funds from operation as the company was preparing to release second quarter earnings in 2014.
Shares across Europe extended declines following new revelations about undisclosed contacts between Trump's campaign and the Kremlin.
Addition of machine-learning technology is intended to enhance value to advisers and clients.
Regulator censures firm for handling of customer orders for nonconvertible preferred securities
Move will allow advisers to select single-manager hedge funds for the first time.
The endowment's largest publicly traded holding is $841 million in the iShares iBoxx High Yield Corporate Bond ETF.
With rising short interest and low fees, it's an attractive practice for mutual funds and ETFs, but may not be good for investors.
