The legislation is based on a program in her home state of Maine, where 50 referrals have been made on suspected abuse within two years.
In the new DOL fiduciary landscape, B-Ds can no longer be dependent on commissions.
Agency concerned about brokers who sell out client positions at old firm to generate commissions at new firm. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The fiduciary rule covered from every angle</a>)</b></i>
Advisers need to know what to consider when determining if the annuities are in a client's best interest.
Empire Asset Management Group joins up even as the firm's parent company faces bankruptcy. Cetera CEO Larry Roth: "Choosing Cetera reflects the strength of our value proposition."
While Republicans had insisted they opposed the DOL rule because they wanted the SEC to act first, a discussion draft to overhaul Dodd-Frank has requirements that would delay SEC action further.
The firm, which did business as Avatar, moved clients into newly created, higher-priced mutual funds without disclosing it.
<i>Breakfast with Benjamin</i> Jean Walsh-Josephson is accused of taking more than $4 million from elderly clients.
Changing economy and job market stem from greater use of technology, he says.
Non-traditional drawdown strategies improve tax efficiency that can extend portfolio life.
Louis Martin Blazer III took about $2.35 million from five clients to invest in movie projects in Ponzi-like fashion.
According to an <i>InvestmentNews</i> roundtable, legal challenges by financial-industry interest groups may still be on the horizon for the DOL fiduciary rule.
Time to weigh the role technology will play in keeping advisory practices in compliance, as well as profitable
Saying the U.S. faces a $199 trillion 'fiscal gap,' professor wants to apply the principles of economics to fix what ails the country.
Professional financial planners offer suggestions for the best gifts to give recent college grads instead of cash.
He allegedly met the customer at church and took $25,000 from her under false pretenses.
Nation's largest independent broker-dealer faces an ugly lawsuit, high turnover and stalled growth. And that's just for starters. </br><b><i>(Related read: <a href="http://www.investmentnews.com/article/20160403/FREE/304039998/the-lpl-stock-buyback-that-launched-a-lawsuit" target="_blank">The stock buyback that launched a lawsuit</a>)</b></i>
Incentives for eligible advisers are from 2% to 11% of their total annual revenue.
