Organizations representing investment advisers and consumers today called for Congress to ensure that fiduciary standards are not weakened as financial service regulatory reforms are enacted.
Kids are learning that when the economy gets tough, the tough will cut back on their spending, according to a recent poll from the Northwestern Mutual Life Insurance Co.
The Securities and Exchange Commission would gain more authority to make rules governing broker compensation under draft legislation sent by the Department of the Treasury to Capitol Hill Friday.
Financial advisers are overwhelmingly in favor of adopting a fiduciary standard for all advisers, and they also think that the industry should be governed by a single regulatory body.
Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.
Senior Finra officials have started to tell broker-dealer executives and representatives that they should think twice when selling Section 529 college savings plans.
President Obama's regulatory reform proposals provided a broad outline and left many of the details to Congress. Ideally, before filling in those details, Congress will gather evidence on what caused the financial crisis, and where regulation actually broke down.
An investment fiduciary's duty of loyalty demands that the investor's best interests guide the decision-making process.
The College Savings Initiative will hold its third round table tomorrow in Washington to discuss ways to make Section 529 college savings plans more widely available to lower-income families.
The latest iteration of social and religious investment screens hit the market on the last trading day of June with the launch of the JETS Dow Jones Islamic Market International Index Fund (JVS).
Late last year, CLS Investments LLC and RegentAtlantic Capital LLC began laying off employees in anticipation of a drawn-out revenue slough.
When Ben Marks set up shop as an independent registered investment adviser in November, he wasn't ready to give up the commissions that helped support him for more than a quarter century at large brokerage firms.
State regulators have an ally in the Obama administration.
In the wake of the economic crisis, the majority of Americans have lost their confidence in their families' future, a recent survey shows.
Like businesses across the financial services industry, clearing firms are feeling the pressure and the strain from the historic market downturn. It is a difficult and competitive business environment for the firms, which are key partners to broker-dealers, clearing and settling transactions for them and their representatives.
The BRIC group — Brazil, Russia, India and China — for a number of years has functioned as a proxy for large developing markets with an attractive long-term return potential.
As the House Financial Services Committee this week begins to hash out plans to make President Obama's proposed consumer financial protection agency a reality, state-regulated investment advisers could find themselves under federal jurisdiction.
Recent raiding at broker-dealers has sparked ugly and bitter feuds and led to significant damage awards, and financial industry attorneys and experts see more cases in the offing.
