Board also votes for proposal about brokers acting as client beneficiaries.
The SEC offers no evidence investors will benefit from Reg BI beyond vague, unsupported assertions
Hindsight is 20/20, but it doesn't tell you much about the future
Wild, Wild West of retirement savings desperately needs a reform.
One recent case alleges an employer didn't appropriately take into account index-fund tracking error.
Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares
Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares
Despite the declining number of participants, industry revenue and profit increase
Principles-based rule provides little detail on how to comply.
Fund menus are important as financial advisers recommend clients invest HSA assets for the long term
Mutual funds and ETFs have a high public profile, but they are only a small part of the investing universe.
SEC says BMO failed to disclose conflicts of interest when it put customers into proprietary funds.
Of the firms involved, 16 self-reported and avoided civil penalties; another must pay a $300,000 fine.
The asset managers still seeking SEC approval have tried to differentiate their funds from those that ended up on the scrap heap.
The government projects a decline in premiums next year for Medicare Advantage and drug plans.
An excerpt from Wade Pfau's new book, 'Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement'
The new CEO will lead the efforts to turn the bank around after a series of scandals.
Focus on after-tax returns and take advantage of tax-efficient structures when available.
The actively managed funds would keep some of their holdings hidden.
SEC eases rules that the industry says slowed the issuance of new exchange-traded funds.
