Investment management designation gets approval from the American National Standards Institute
Advocates for imposing a universal fiduciary duty for retail investment advice are questioning both the motives and the timing behind a study released by the Securities Industry and Financial Markets Association that raised concerns about a single standard of care.
The financial markets breathed a collective sigh of relief following last week's midterm elections, as the GOP took control of the House of Representatives.
Do breakaway brokers have to disclose to clients how much they stand to gain by going independent?
Workers will be able to quickly and easily compare retirement plan investment options, including the fees charged in each, under a regulation promulgated today by the Labor Department.
The Financial Industry Regulatory Authority paid its top 10 executives a combined $11.6 million last year amid criticism from member firms that the brokerage industry watchdog's managers are overpaid.
Finra's board of governors has agreed to take action on three of seven proxy proposals approved by members in August.
Waddell & Reed Financial Inc., the mutual-fund manager based in the heart of Kansas that caters to mom and pop investors, is an unlikely company to be blamed for sending Wall Street into a tailspin on May 6.
The Securities and Exchange Commission may impose buy-and-sell obligations on electronic-trading firms and other “high-frequency” proprietary-trading firms that now represent more than 50% of daily stock trading volume.
Broker-dealer firms aren't providing financial advisers with the technology and resources that they need to manage risk in their portfolios, according to Robert S. Kapito, president of BlackRock Inc.
A court-appointed receiver in a Utah Ponzi case has sued Penson Financial Services Inc., claiming that the firm was complicit in perpetuating the scheme for a clearing client.
After months of sounding out its certificants, the CFP Board's executive leadership this week will propose to the group's board that fees be increased by $12 a month, beginning July 1, for the 62,000 holders of the mark
Voters have handed the Republican Party either a golden opportunity or a poisoned chalice, and the choice will be determined by the actions of the elected members of the party
Federal regulators soon will issue eagerly sought guidance to aid employers that want to amend their 401(k) plans to allow participants to roll over account balances into a Roth 401(k) plan
Asset inflows improved for many of the largest publicly traded money managers in the third quarter, but analysts said that institutional investors continued to hold off on new mandates
Independent representatives and broker-dealers gained allies in the House leadership who will work with them to maintain their reps' status as independent contractors
Republican takeover of the House of Representatives won't scuttle Dodd-Frank, but the party's decisive victory last week will likely shape implementation of the massive financial regulatory reform law through aggressive oversight of the rule-making process.
It remains to be seen whether lawmakers will extend tax cuts set to expire at the end of the year
Earnings reports for life insurers reveal a possible threat to future profitability: old books of universal life business.
In a comment letter posted to the SEC website last week, Richard Ketchum, Finra's chief executive, laid out in some detail what a self-regulatory organization for advisers might look like.
