Researchers suggest the funds don't adequately hedge against sequence-of-returns risk in retirement.
The payout ranks among the middle tier of settlements reached by other asset managers in similar lawsuits.
No clear value to GPB securities puts them at odds with firm's policy over alternative investments.
Broker Patrick Foley failed to show up last month for testimony before Finra.
Industry push results in chance to air grievances on July 17 and another month to present objections.
Tech required by UHNW investors is more sophisticated.
Veteran broker accumulated 34 disclosures over 21 years in the industry.
Don't approach planning the same way with all your clients.
Backtested formulas often don't work in the real world and should be well regulated
Multiple accounts at previous employers diminishes the feasibility of these accounts
Documentation will be key to passing exams under the rule, observers say.
Kyung Soo Kim, no longer employed in industry, also suspended for one month.
Jones has seen $18 million of client assets move to a rival brokerage firm.
The secretary of the commonwealth is proposing a fiduciary standard in response to an SEC investment-advice rule he views as too weak.
The question is how much mitigation and elimination of conflicts — versus disclosure — will really happen at firms and be required by the SEC.
Arguments by Northeastern states in court hearing later this month deemed a long shot by legal experts
Company is offering clients complimentary, two-year membership to an identity theft protection and credit monitoring service.
Agency says Jovannie Aquino recommended series of frequent, short-term trades while charging commissions and fees for each trade.
Find out about the different Roth conversion strategies available to you
Executive says clients prefer to work with investment advisers because of the transparency, greater choice in investment options and fiduciary status of the business model.
