The plans in public school districts — often a "laissez-faire" type of arrangement exposing teachers to high-fee products — won't be helped by the new regulation.
The regulator also ordered John Leo Valentine to pay $140,000 in civil money penalties
Plus: The dollar spikes as the ECB stays loose, big companies supporting small companies, and health insurance companies turn a blind eye to climate change
'Dred Scott' comments by the SkyBridge Capital executive 'are so at odds with the DOL rule, law, logic and basic human decency, they demand a rebuke.'
Plus: Investors think the Fed will hike in December, here come the boring post-DOL portfolios, and now is a good time to ask for a raise
Passive funds, ETFs attract fee-based advisers to fund giant. <b><i>(Related read: <a href="//www.investmentnews.com/gallery/20160906/FREE/906009999/PH/9-facts-that-make-vanguard-the-king-of-mutual-funds"" target="”blank"" rel="noopener noreferrer">9 facts that make Vanguard the king of mutual funds</a>)</b></i>
System doesn't include reasons for advisers' employment termination and other details public needs before deciding who to hire, a new report found.
Twitter followers respond to the candidates' positions in the final presidential debate before the Nov. 8 election.
Broker-dealers can try shielding themselves from risk as much as possible, but lawsuits are inevitable and could prove difficult to defend, attorneys said.
Measure requires brokers to establish trusted contacts on accounts and allows them to stop distributions in questionable circumstances.
Industry conversation is now turning to the regulation's impact on M&A activity.
Bonuses were tied to getting clients to open loan accounts, which went against the firm's internal prohibition on such initiatives. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20161003/FREE/161009986/former-morgan-stanley-broker-barred-for-unauthorized-borrowing-from" target="_blank">Former Morgan Stanley broker barred for unauthorized borrowing from clients</a>)</b></i>
Winston Wade Turner misrepresented facts in high-cost annuity transactions.
State launches a sweep of 241 firms with above-average numbers of brokers with misconduct reports on their records.
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
Plus: Advising the Fed to tread lightly toward higher rates, the best ETFs for a cash-heavy market, and these bloggers will make you a better blogger
Vanguard and BlackRock get biggest inflows.
The firm will announce details of its strategy to comply with the DOL fiduciary rule in the next two weeks. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>
