The ability to roll options was previously available only to Level 3 users, who have access to more trading functionality.
The New Year may not be so happy for firms that employ a high number of registered reps with disciplinary histories.
In a recent supplement to a 2020 letter, the agency made clear that it does not endorse the use of private equity in defined-contribution plans.
Customers of the $8 trillion mutual fund giant weren't able to access certain account reports or receive trade confirmations while the website was having problems.
Emerson Equity and Triad Advisors reached end-of-the-year settlements related to complaints about poor supervision of certain mutual fund sales.
With simulations showing extreme projected portfolio outcomes, some financial advisers won't even use Monte Carlo modeling for their younger clients for fear of looking silly.
It's important for advisers to understand what they can and can't do under the agency's new marketing rules when it comes to advertising and marketing via social media and messaging apps.
The earlier-than-expected decision from the SEC could suggest a 2022 approval for a pure Bitcoin fund may not be in the cards either.
The agency has not set a reentry date for in-person appointments, although some executives have returned to their offices as of December.
Why not invest in some Château Lafite Rothschild? You can let the value appreciate over time, or if worse comes to worst, you can drink it.
Against the current economic backdrop, it's hard to argue the traditional approach of stocks, bonds and cash is a reasonable investment mix to manage risk while still generating the necessary returns.
LPL, Wells Fargo and three Advisor Group firms avoided penalties for 'extraordinary cooperation' with Finra's investigation.
Merchant Investment Management is a private partnership that invests in growth companies and other opportunities. According to its website, Merchant Investment Management this year has focused on investing in the wealth management industry.
The company failed to reveal conflicts of interest concerning marketing fees paid by clients for mutual funds, according to the regulator. The independent broker-dealer 1st Global Advisors was acquired by Blucora in 2019.
William A. Birdthistle is currently a professor at Chicago-Kent College of Law. The division oversees regulatory policy for investment advisers.
According to the order, Global failed to offset certain portfolio company fees against management fees charged to clients, as required under its offering and governing documents.
A Cerulli study shows that of the roughly 103,000 advisers who plan to retire by 2030, 26% are unsure of their succession plans.
At times advisers may have to rescue clients from problems they have created by going it alone.
Most retirees are likely forced to cut down costs due to insufficient savings, a new paper from the Center for Retirement Research found.
Roisman, who has been a commissioner since 2018, played a key role in Trump-era efforts by the SEC to rein in proxy advisory firms and to make it easier for companies to block submissions from newer stockholders.
