Former rep charged with bilking $1 million from clients.
The regulator alleges the founder of Sentinel Growth Fund Management stole from investors to settle private lawsuit.
'Fiduciary principle' will survive regardless of rule outcome, Times op-ed predicts
The loss in Texas was the third that industry plaintiffs have suffered in courts around the country and perhaps the one that stung the most. <b>Plus: <a href="http://www.investmentnews.com/article/20170209/FREE/170209897/john-bogle-demise-of-fiduciary-rule-would-be-step-backward-for-nation" target="_blank">John Bogle on why demise of fiduciary rule would be 'step backward' for nation </a></b>
Advisers still unintentionally falling into trap of custody provisions passed after Madoff swindle.
Brokerage business foes say they want a better rule; others call that a ruse
Working longer can allow continued contributions.
Attorneys ask the Dallas federal court not to issue a ruling pending a “status report” it plans to file in relation to President Trump's Feb. 3 memo to review the regulation.
The wirehouse would be jumping on a trend toward advisory business that analysts expect to accelerate because of the Labor Department's fiduciary rule.
Charges by Massachusetts' top regulator relate to the former top-producing adviser Roger Zullo, who allegedly committed fraud in selling variable annuities to retirees.
The plaintiff's bar is licking its chops, looking for a new class to represent
Tech provider teams with The Retirement Advisor University for curriculum
The firm also addressed the recent departures of groups managing about $2 billion in brokerage assets &mdash; including star adviser Ron Carson &mdash; on its earnings call.
Private equity firm adds Maine-based compliance and distribution consultants
Familiar financial giants are doing well attracting investor assets on digital platforms
House Republicans introduce bills to block Labor Department rules promoting creation of retirement plans for private-sector employees.
Agency said it recruited 945 arbitrators in 2016, and that 33% were women and 14% African American. But reform advocates seek broader changes, such as with the expungement process and notice of unpaid awards.
In an 81-page ruling, Chief Judge Barbara M.G. Lynn of the Northern District of Texas, shot down each of the major arguments submitted by industry trade groups. <b>Plus: <a href="//www.investmentnews.com/article/20170208/FREE/170209909/justice-department-seeks-stay-in-dol-fiduciary-rule-lawsuit"" target=""_blank"" rel="noopener noreferrer">Justice Dept. seeks stay in DOL rule lawsuit</a>)</i></b>
Advisers will need to be able to demonstrate they are recommending low-fee and high-performance products.
Resources Investment Advisors also has affiliate retirement-focused advisory firms with $6 billion in assets, but it's uncertain whether they will follow suit and depart LPL.
