Regulator looking into incentives firms are offering employees to promote bank products of an affiliate or parent company to retail brokerage customers in wake of Wells Fargo scandal.
Only 6% of reps with checkered backgrounds were placed on heightened supervision by their broker-dealers, according to a new report.
Some people turned away by their brokers are contacting mutual funds for help, fund trade group official says. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20161205/FREE/161209971/betterment-presses-trump-to-keep-dol-rule" target="_blank">Betterment presses Trump to keep DOL rule</a>)</b></i>
Clock is ticking on trust fund insolvency that could result in future benefit cuts.
Though Andrew Puzder, a fast-food CEO, has not weighed in on the regulation, his conservative leanings on employment policies indicate he probably won't embrace it.
The former commissioner began a seven-year stint just as the financial crisis began.
Investors appreciate both, but do turn to traditional advisers over digital ones for some services.
Legislation is being considered to continue a stalled Labor Department effort to require income illustrations on retirement account statements.
Finra settlement also includes $780,000 in restitution to 22 clients who borrowed against their accounts to invest in Puerto Rico securities. <b><i>(More: <a href="http://www.investmentnews.com/article/20161003/FREE/161009993/massachusetts-charges-morgan-stanley-over-unethical-sales-contest""" target=""_blank"" rel="noopener noreferrer">Massachusetts charges Morgan Stanley over unethical sales contest</a>)</b></i>
Truisms of life, such as doing more is better, are often turned on their head when investing.
Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
Sailing through the chamber, bill includes changes to who is considered a sophisticated investor eligible to participate in private placements.
The plaintiff, who had alerted the SEC to alleged lax security over customer data, claims her former employer's actions were "retaliatory."
Putting goals in short-, medium- and long-term buckets creates a touchstone advisers can refer to when people want to do something that conflicts with them.
And, just maybe, the economy isn't that bad.
Lower incomes and fewer assets in savings plans lead to problems in retirement.
Ad campaign suggests robo-adviser is ready to battle for fiduciary standard.
Long durations, low credit quality spell trouble.
Over the last several years, TDFs have crafted new strategies and engaged in a marketing bonanza to stand out from the competition.
