Finra's variable annuity suitability rule should be old news to broker-dealers, but firms that want to steer clear of an arbitration land mine ought to review their procedures.
Surprise, surprise: 85% of full-service investment firms' clients have never heard of, nor do they understand, the difference between the suitability standard followed by brokers and the fiduciary standard followed by registered investment advisers, according to a J.D. Power & Associates survey
A petition signed by about 5,200 financial planners has been delivered to the Securities and Exchange Commission, urging it to impose a universal fiduciary duty on anyone providing retail investment advice
April agreement for JPMorgan Chase & Co. to return $800 million in cash and securities approved by judge
U.S. equity research and related services from JPMorgan Chase & Co. was voted the most valuable to asset managers surveyed by Greenwich Associates.
A “perfect storm” of fiscal woes in the United States, a slowdown in China, European debt restructuring and stagnation in Japan may hurt the global economy, according to New York University professor Nouriel Roubini
Ah, retirement. Golf. Cruises. Leisurely walks. And getting financially abused by family members, strangers and businesses.
Analyst Brad Hintz says Morgan Stanley could shut down its enormous trading business -- and the bank would still be worth more than what its stock is currently trading at. The takeaway? Investors are missing a good bet.
Aim to get rid of debit cards for the retirement plan, reduce number of loans workers can take
Raymond James Financial Inc. could face a loss of $25 million to $50 million if it has to buy back distressed auction-rate securities from clients immediately
Securities America, other B-Ds may be seeking suitors, but Averitt says acquisition 'makes no sense' for Raymond James Financial Services
With its assets rising six-fold, mutual fund giant Pimco is set to launch its own brokerage operation. The real question: what does the move say about the fund firm's relationship with parent Allianz?
SEC chairman Mary Schapiro told House lawmakers that the agency's system for leasing space had “significant flaws,” and that the federal General Services Administration will likely take over that role
Finra yesterday began surveying registered representatives and principals about their job functions as a first step in updating qualification exams.
You're never too young to start learning about money and how to manage it
While the financial advice industry wrangles with regulators and lawmakers over a universal fiduciary standard, most investors are far more concerned about getting their phone calls returned
Just as financial advisers are embracing alternative investments as a way to generate income for clients, their chief regulator is warning them of the perils of one such type of offering: structured products
