Craig David Dima has been barred from the securities industry for making unauthorized and unsuitable trades totaling approximately $15 million in a 73-year-old retiree's account, and for misrepresenting the reasons for the trades to the customer.
Some see the guidelines as a way to button up rules and ensure participants aren't using 401(k) plans as a "piggy bank."
More than 20 claimants initially sought $8.8 million in damages and costs after a Morgan Keegan adviser allegedly misappropriated their funds.
After an erratic five weeks in office, Mr. Trump's speech makes him 'more presidential.'
Agency will need more than two months to conduct assessment of regulation directed by President Trump.
In a posting on its <a href="https://www.reginfo.gov/public/do/eoDetails?rrid=127214" style="color:#b10816" target="_blank">website on Tuesday morning</a>, the Office of Management and Budget also noted that it changed the designation of the delay to "economically significant."
The new pricing is 50% lower than standard commission trades at E*Trade and Ameritrade and 28% lower than at Charles Schwab Corp.
Charles Schwab cuts its online retail trade commission to $4.95 from $6.95, matching a cut Fidelity made about 10 hours earlier.
Beware of a six-month look-back period and tax penalties.
Office of Management and Budget designates the delay 'economically significant,' making it more difficult for DOL to justify stall.
Some observers question the move and at least one believes the firm may still be a fiduciary no matter what it claims.
Letting clients help direct practice management decisions can have many upsides.
Inbound marketing involves creating an impactful website, attracting interest to that site and building trust with visitors to inspire them to become clients.
Some say it is critical for president to start outlining specifics on his pro-growth agenda to keep the rally going ​ 
The firms and advisers that are able to embrace the shift from a sales culture to one comprised of goals-based planning will thrive.
Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.
Even though the fiduciary rule's future is in doubt, wirehouses are downsizing the bonuses they are offering veteran brokers to jump ship.
A disciplined value strategy may provide investors with a more tolerable experience in the downward-trending phase and a potentially rewarding experience across the full market cycle.
Nearly two-thirds (64%) of broker-dealer advisers plan to shift more of their business to a fee-based model if the Department of Labor's fiduciary rule is put into effect, according to a report from Cerulli Associates.
Preston Covington III and team expand firm's coverage to Columbia, S.C.
