It’s FINRA, and it’s final. But the name of the self-regulatory organization formed by the consolidation of NASD’s and the New York Stock Exchange’s regulatory units is drawing a new wave of criticism.
NEW YORK — Retirement is already scary for both near-retirees on a tight budget and their planners, but these clients may warrant a second look, advisers said.
CHICAGO — The role of financial advisers won’t be diminished by the new 403(b) regulations released late last month, according to industry experts.
Armed with a series of fee cuts and reimbursements to its advisers, LPL Financial Services thinks that it can take on the giants of the custody business that provide platforms for fee-only registered investment advisers.
IRVINE, Calif. — The Wealth Advisor Institute is calling for reform of the broker-termination-reporting process.
NEW YORK — FSC Securities Corp. last month was taken to task in an NASD arbitration panel decision.
Account balances for workers who consistently held 401(k)s from 1999 to 2006 increased at an annual rate of 8.7%.
One of the biggest changes occurring in the retirement marketplace is an increase in automatic features.
The SEC approved a new accounting standard that would lower costs on Sarbanes-Oxley compliance.
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
A bill that would increase 401(k) disclosure should be put on hold, according to the American Benefits Council.
The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.
An NASD arbitration panel ordered Merrill Lynch to pay a former employee $1.6 million after he was fired because of his ethnicity.
The American Benefits Council supports fee disclosures related to 401(k) plans—as long as it's pertinent.
Morgan Stanley’s retail brokerage unit ranked dead last in customer satisfaction for the second year in a row, according to a survey.
In wake of the BoNY-Mellon merger, third-party trading technology has been made available to assist customers of Pershing.
The Nasdaq Stock Market Inc. will make a wide range of its data tools available via the Web.
The recent fallout in the market for subprime mortgages caused one prominent hedge fund index to revise some of its performance returns last week. Last Monday, the Credit Suisse/Tremont Hedge Fund Index reported that its index for fixed-income arbitrage gained 0.21% in June and 3.7% year-to-date.
After building businesses through fee-based brokerage accounts and mutual fund trail fees, many brokers are anxious about looming changes to these sources of revenue.
