Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.
Florida financial advisers are appealing a lower court decision in ongoing legal battle over how they can describe their compensation.
Mandatory payouts from savings plans may trigger new taxes.
The comment period for the rule, which was introduced in December, closed on Monday.
<i>Breakfast with Benjamin</i> Investors assuming they will be able to continue working well beyond normal retirement age doesn't mesh with a frequent reality.
<i>Breakfast with Benjamin</i> The Fed says the markets are too obsessed with too much information.
Some clients take years to fire their advisers
If the Labor Department has its way, say goodbye to the variable annuity industry as we know it. </br><b><i>(Related: <a href="http://www.investmentnews.com/section/specialreport/20160221/ANNUITY22016" target="_blank">Spotlight on Annuity Strategies special report</a>)</b></i>
Regulator launches target examination to assess compliance values and how they influence brokerages' ability to adhere to securities rules.
Policies and procedures which, when layered upon already onerous rules and regulations, fail to recognize advisers' years of experience and wisdom.
Court filings from the RCAP bankruptcy proceeding state that Cetera Financial Group's adviser headcount has fallen 4.3%.
The company doesn't specify how many of its 9,000 Cetera brokers will qualify, or any other details of the plan.
Plus: Most investors made money in March, negative interest rates could mean the end of cash as we know it, and re-writing office dress codes
Markets will `go south' without progress, bond manager says
<i>Breakfast with Benjamin</i> So far this year, the deal-making business has been in the tank. Mergers and IPOs have dropped to a level not seen since the last recession.
Security Benefit, Allianz and New York Life all debuted new fixed annuity products in March that seek to benefit investors in a rising-rate environment.
The insurer allegedly made false representations to investors over the strength of its long-term-care business.
A Health Savings Account is one of the best ways to have retirement cash-flow that is excluded from Medicare's equation.
Clients will appreciate candor, but they're not always prepared to apply what they hear.
Only 5% of clients left the wirehouses last year because they felt fees were too high
