Wealth management head Jay Welker, a focus of many complaints, announced plans to retire on Tuesday
Swiss bank could face billions of dollars in fines from French and US authorities.
Investor advocates: Agency still has a lot of work to do on Form CRS
Move comes as the bank aims to cut costs by $4 billion
Proposal promotes 'auto-portability' as a way to reconnect plan participants with retirement savings they've left behind.
Both already use iCapital's technology to offer alternative investments like hedge funds and private equity to high-net-worth investors.
The business could fetch as much as $1 billion, sources say.
The lawsuit comes days after an LPL broker filed a similar legal complaint.
IBD's advisers have invested $70 million of client money in PE funds over the past two years.
EvoShare provides workers with credit-card perks in the form of contributions to a retirement plan.
The Investor Advisory Committee suggests clarifying that Regulation Best Interest is a fiduciary standard.
The award follows a similar award last month when former Credit Suisse broker Brian Chilton was awarded $844,621 in deferred compensation.
While the new majority is unlikely to block the SEC advice rule, retirement income advocates forecast momentum for annuities legislation.
The trend will likely further fuel industry consolidation.
The retailing juggernaut has used data to drive better decisions, and 401(k) advisers should follow suit
Business owners who are millennials are more likely to offer retirement benefits to their employees
The bank has also suspended fees on some wealth management assets and accounts after finding it charged some clients incorrectly
Lance Browning is trying to stop the insurer from terminating annuity trail commissions on behalf of thousands of other brokers.
Wirehouse is attempting to promote online engagement of clients by rewarding advisers who make it happen.
Mr. Welker and his division are reportedly being investigated for gender bias.
