If the best-interest contract remains in some form, action could switch to state courts; Finra still allows class actions.
Plaintiff says automated investment advice program is a 'predatory racketeering enterprise'
Individuals and firms are donating time and money to help storm victims
High rates of employee turnover and inefficient administration by an employer should give advisers pause before implementing the plan-design feature.
August payrolls may have grown by as much as 200,000
Monetary policies and cryptocurrencies have eroded its traditional function
Mr. Milken pleaded guilty to securities fraud in 1990 and spent 22 months in prison.
With demand limited, most advisers outsource it to lawyers and accountants, but some see value in adding it to their menu of services.
Survey finds top concerns are reducing plan expenses and managing fiduciary responsibilities.
Labor Department says it also needs more time to look at any 'undue burden' the rule may cause.
Anthony Mastroianni Jr. allegedly engaged in "in and out" trading of speculative stocks.
Methods for charging client fees OK in some states, not others.
Summit Financial ends 17-year relationship with Lincoln Financial.
Urges Congress not to miss "once-in-a-generation opportunity."
Finra says Jaime Rodriguez bought two apartments with $200,000 from blind, elderly customer.
Platform designed to serve its members' next-generation clients will incorporate robo-advice and socially responsible investing options.
Even piles of investments that appear diverse could suffer big losses in the event of another market crash.
Scottsdale, Ariz., duo affiliates with LPL and Stratos Wealth Partners.
Mr. Buffett previously invested $5 billion in Bank of America in 2011
Reps collectively managed $423 million at their former firms.
