Michael J. Breton allegedly cost clients $1.3 million by placing trades through a master brokerage account and then allocating profitable trades to himself while placing unprofitable ones into client accounts.
From 2000 until 2015, Citigroup overcharged about 60,000 advisory client accounts and was unable to locate another 83,000 client contracts that were opened between 1990 and 2012.
Plaintiff argues company “imprudently and disloyally larded the plan with unnecessary, expensive and poorly performing investment products and services.”
Advisers need to make sure they understand where clients are coming from and how this decision will impact their retirement security.
Schwab and Vanguard at opposite ends of robos' performance spectrum, advisory firm's report finds.
A significant portion of employers switched to a stable value or government money market fund in response to SEC reforms.
High-income surcharge based on new brackets next year.
Given the current regulatory environment and increasing utilization of BrokerCheck by the public, a broker must take ownership of his or her CRD.
The brokerage allegedly failed to file suspicious activity reports in a massive pump-and-dump scheme
In a recent letter, the Labor Department said target date funds using annuities may be a prudent default investment option for employers.
The trade group for independent broker-dealers will take the offensive in trying to shape the kind of fiduciary standard it believes will be advantageous for its business in the future.
The self-regulatory organization is planning to investigate 100 to 200 brokers who pose the greatest risk to investors.
Traditional valuation providers warn of limits to digital tools, including quality
The North American Securities Administrators Association's model rule requires that financial advisers report suspected abuse to state and other authorities, allows them to stop disbursements from seniors' accounts and gives them protection from liability.
The firm is an employee-owned, independent partnership associated with Raymond James, and has found success with its collegial 'no-jerk policy' for those who'd like to join.
Getting a record keeper to fill out a legal document needed to divide a retirement account could cost more than $1,200.
The DOL could propose a delay that would be subject to public comment, or the administration could issue an interim rule seeking delay based on "good cause."
Trump administration could put regulation on hold while courts decide its legality
Getting a record keeper to fill out a legal document needed to divide a retirement account could cost more than $1,200
You can play a large part in helping clients feel better equipped to handle such situations before they happen.
