Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
Websites exist for gathering documents and preserving key information, sparking adviser-client conversations about planning for the inevitable.
<i>Breakfast with Benjamin</i>: Teaching economics to a presidential contender isn't easy. Unless the economic advisers agree with the preconceived views of the candidates, the relationship can be testy and useless.
Most working retirees are making much less per hour now, survey shows.
In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.
<i>Breakfast with Benjamin</i>: Jeffrey Gundlach has been bracing for trouble in Greece and Puerto Rico by loading up on Treasuries and Ginnie Maes.
The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of <a href="http://www.investmentnews.com/article/20140902/FREE/140909990/sec-charges-investment-adviser-with-fraud-for-not-telling-clients-of" target="_blank">not informing clients</a> they were paid by Fidelity Investments to sell certain mutual funds.
Financial planners are mixed on the presidential contender, citing his fiscal and social conservatism.
Maryland, Connecticut aim to boost savings rates; some say the measures could be mandates on small employers.
The proliferation of digital platforms puts added emphasis on due diligence.
Accountability, exams and disclosures on the agenda of candidate for SRO's midsize-firm board seat.
Michael Kitces saves more than half his income and still drives a Kia Spectra, despite great professional success.
A so-called summary prospectus would provide information about the risks, costs and benefits of the complicated products in a streamlined manner.
Citigroup has agreed to pay $180 million to settle charges tied to two hedge funds the SEC said were improperly marketed and sold by private bankers and Smith Barney brokers.
The IRS shuts down a scholarship fund that gave money only to family; find out how you can provide income to loved ones tax free.
The benefits of filing after a key anniversary may be worth the wait.
Older dads can trigger Social Security benefits for young children.
Figuring out your fees shouldn't require reading pages of fine print.
Finra examiners should adhere to a code of conduct when reviewing member firms, Stephen Kohn, a candidate for the SRO's small-firm board seat, asserts. <b><i>(Don't miss: <a href="//www.investmentnews.com/article/20150707/BLOG09/150709942/three-reform-initiatives-that-finra-should-embrace"" target=""_blank"" rel="noopener noreferrer">How to make Finra work: Kovack</a>)</i></b>
Benefits of filing after a key anniversary may be worth the wait.
