The Investor Advisory Committee suggests clarifying that Regulation Best Interest is a fiduciary standard.
While the new majority is unlikely to block the SEC advice rule, retirement income advocates forecast momentum for annuities legislation.
The award follows a similar award last month when former Credit Suisse broker Brian Chilton was awarded $844,621 in deferred compensation.
The retailing juggernaut has used data to drive better decisions, and 401(k) advisers should follow suit
The trend will likely further fuel industry consolidation.
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
Trade tensions and the prospect of the U.S. economy overheating could limit any upside in stocks.
Lance Browning is trying to stop the insurer from terminating annuity trail commissions on behalf of thousands of other brokers.
The deal will integrate Citizens Bank Private Wealth Management into Clarfeld.
Mr. Welker and his division are reportedly being investigated for gender bias.
Wirehouse is attempting to promote online engagement of clients by rewarding advisers who make it happen.
The regulation hasn’t kept up with developments in the advice industry or technology, according to compliance experts
Insurer allegedly filled its 401(k) plan with high-cost in-house investments.
The broker, Terrance Hood, was fired by Merrill last year for falsifying receipts for childcare expenses
Douglas Simanksi told clients he would invest their money in a 'tax free' fixed-rate investment, SEC charges.
The group is altering how it works with local chapters to combat 'dysfunction' and remain relevant, officials say.
Changes are designed to help investors understand how the B-D routes their order and how that affects execution quality.
Clients don't have perfect information, even when they're selecting an adviser.
New role comes as the nation's largest custodian faces questions about its commitment to advisers.
