Retail investors should be able to rely on the financial guidance they receive, regardless of whether it's from an investment adviser or a broker, according to the SEC official leading the agency's study of fiduciary duty.
It looks like Finra isn't waiting for the Securities and Exchange Commission to figure out how high-frequency traders are affecting the market.
The Securities and Exchange Commission is examining the burgeoning business of financial advisers' selling model portfolios of exchange-traded funds.
Regulator eyes cozy relationship between asset managers and hedgies, PE execs; 'proactive approach'
The agency says some beneficiaries may mistakenly believe the accounts are insured by the U.S. government
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., would be prohibited from retaining death benefits without specific consent of clients, under a proposal today by state legislators.
As of last week, the Market Climate for stocks was characterized by unfavorable valuations, generally favorable trend action, weak price-volume sponsorship, strongly overbought conditions, moderate but not yet over-bullish sentiment, and hostile economic pressures.
It is impossible to properly estimate long-term cash flows based on a single year of earnings, regardless of whether one uses actual net earnings or projected operating earnings.
The furor over retained-asset accounts doesn't appear to be letting up. The VA is investigating. The Secretary of Defense wants money returned to beneficiaries. And now, a source says NY AG Andrew Cuomo is widening his probe of the industry practice.
Despite criticism from the brokerage industry, a revamp of 12(b)-1 fees is long overdue
The financial markets are in a bit of a fight here between technicals and fundamentals. On a technical basis, a variety of widely-followed trendlines, moving average crossings, and resistance areas converge on the 1100 area for the S&P 500.
An additional 4,200 investment advisory firms regulated by the Securities and Exchange Commission will fall under the purview of state regulators if the Senate passes the financial-reform bill.
A prominent St. Louis wealth manager is suing a leading local law firm over a pre-nuptial agreement involving Jackson Pollock and Jasper Johns paintings, according to a report in the St. Louis Business Journal.
Analysts at firm see two main scenarios; neither are good
The economy will have to continue to muscle along without much help from consumer spending, according to a new Harris Poll.
Broker-dealers are scrambling for capital, with some turning to clients for financing. But that approach raises questions -- and possibly red flags with regulators.
Bond king reiterates view that supersized investment returns are thing of the past
Even if Republicans make gains in the elections, financial reform – including the push for a universal standard of care for advisers – will be hard to derail
Although it is still unclear whether the Securities and Exchange Commission will back a universal standard of care for brokers and investment advisers, one thing is certain: Investors want a single standard.
Insurance regulators in New York are joining Connecticut's insurance commissioner in examining whether The Hartford made improper disclosures or engaged in misleading practices in its marketing of a new variable annuity.
