Measure, passed by overwhelming House majority last year, gives brokers safe harbor for issuing reports.
Finra suspended Adam C. Smith for one year and imposed a $10,000 fine for accepting gifts totaling $105,000.
Mr. Putnam was a key architect in the early days of the firm, overseeing its tremendous growth.
Broker-dealer groups endorse the change, saying it would put them on a level playing field with investment advisers.
Small fund companies may have to pivot, by embracing a niche specialization or redirecting sales forces toward new distribution channels.
Consumers want products that offer peace of mind and make it easier to manage a budget in retirement.
The House Republican approach kills investment-income levies, but the breadth of coverage could shrink.
Just as advisers are obligated to fulfill fiduciary duties, elected officials are similarly obligated when it comes to public policy.
Three new portfolios from Motif Investing promise to refund a monthly subscription fee for underperformance
Some retirement plan advisers see providers' compliance moves as potential competition.
Division bulked up under Mary Jo White, but is already curtailing expenses as it awaits new budget
Ariel Investments wins trademark suit against small Florida RIA with same name.
Frank H. Black and his firm, Southeast Investments N.C. Inc., failed to retain business-related emails and to achieve compliance with applicable securities laws, according to the Finra panel's decision.
Resolutions to overturn the rules only require a simple majority to pass, and aren't subject to a Senate filibuster
The regulator's acting chairman says he prefers that agency employees conduct exams.<a href="http://www.investmentnews.com/article/20170306/FREE/170309954/sec-enforcement-unit-bracing-for-budget-cuts-under-trump" style="color:#b10816" target="_blank">​ <i><b>(More: SEC enforcement unit bracing for budget cuts under Trump)</b></i></a>
If nothing else, the dollar amounts should be adjusted for inflation.
Two experts on retirement law square off on the question of fiduciary duty for 401(k) plan sponsors. One believes employers aren't best-suited for the responsibility, while the other believes the current system is OK.
The FAQs encourage investors to press their advisers about whether they are fiduciaries.
The incident introduces yet another example of how not to use social media.
