Paul Atkins, chief executive of compliance consultant Patomak Global Partners and a former SEC commissioner, could select from among his coworkers or even recommend himself.
Regulator claims Securities America Advisors and Triad Advisors "acted inconsistently with their fiduciary duties."
Stuart G. Dickinson is ordered to pay close to $1 million in restitution.
Paul Lebel, an LPL broker from 2008 to 2014, defrauded four customers by churning several of their accounts, according to the SEC.
Finra has permanently barred a former broker who was terminated by his former employer, Stifel, Nicolaus & Co., for making unauthorized payments to clients.
Advantage Financial Group and Private Advisor Group take advantage of a policy change to join the organization that represents independent broker-dealers.
One-time heir apparent to Mark Casady to lead asset manager Legal & General Investment Management America, an institutional money manager.
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Plaintiffs claim Xerox took kickbacks from Financial Engines for including the managed-account provider on its record-keeping platform, breaching its fiduciary duty.
The president-elect barely mentioned the retirement crisis during his campaign, but will wield enormous power over many related issues once in office.
Many brokers and other financial firms have already changed compensation and other policies to align with the regulation. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL rule, from all angles.</a>)</i></b>
About 70% of Medicare beneficiaries are protected by a “hold harmless” provision.
From regulation to tax and entitlement reform, these are the central decisions that will affect financial planners and clients in the years to come.
Plus: Industrial stocks ride infrastructure-spending hopes, Warren Buffett makes nice with Donald Trump, and suddenly it's the Democratic party that might not survive in tact
Clients may choose fee-based or self-directed retirement accounts.
Gerald Cocuzzo faces up to 20 years in connection with the $131 million market manipulation scheme of ForceField Energy Inc.
Veteran managers from Ariel, Gabelli, Monetta and Pioneer share their lessons.
