The SEC extracted almost $3 billion in disgorgement payments in 2016.
Biggest concern is threat of excessive litigation due to best-interest contract exemption.
The firm has created a new role, head of the field, and eliminated division-level leadership positions
Brokers will be paid a flat rate based on clients' retirement assets, not transactions.
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. <b>Plus,<a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH/dol-fiduciary-rule-what-you-need-to-know-about-acostas-decision" style="color:#b10816" target="_blank"> what you need to know from the DOL's latest FAQs</a>.</b>
Any trend toward smaller homes would be welcome news in many U.S. housing markets.
Experts in the financial industry, unsurprisingly, have a lot of suggestions for smart financial gifts.
"Don't blindly provide it because you're asked for it," says one expert.
Changes include level compensation on fixed annuities and unit investment trusts.
Fidelity and Empower announced first-of-their-kind services in recent months, hoping to capitalize on demand for greater personalization and generate new sources of revenue.
Sterne Agee fired James Holbrook, Jr. in May 2014 for allegedly misusing company assets and spending lavishly on perks.
If investors are frustrated now, just wait until the Trump DOL comes out with an overhaul of the rule later this year.
Commission seeks public comment on investment-advice standards; move suggests more coordination with Labor Department on fiduciary rule.
The firm will pilot the program with 500 advisers in July and expects to roll it out to all of them by year-end.
Many people shy away from social media because they're convinced they don't have enough time or resources to devote to it. Ninety-nine percent of the time that's wrong. Here's how to make sure you have the tools you need to get it done.
The win could provide fodder in other legal defenses, and supports the contention that comparing fund costs to Vanguard doesn't always provide an accurate barometer.
If you are a wirehouse adviser who has counted a giant recruiting package as part of your net worth, you need to recalculate.
Your website must differentiate you from your competitors. What makes you special?
