Firm was also fined $175,000 after rep's 88-year-old client paid $300,000 in commissions
The firm also will disgorge almost $9 million over misstatements about its futures fund
The massive changes to the rules around retirement savings are creating opportunities for advisers
This year, independent broker-dealers will be watching such trends as merger madness, competitive recruiting costs and the arrival of Reg BI
The company is gauging adviser demand before making the capability available on Fidelity's custody and clearing platform
Be on the lookout for more firms to offer income solutions that don’t require investors to sell assets at a large cost
Anthony Diaz faces fraud charges stemming from sales of REITs and annuities
As he announces his retirement, Stevens defines the trade association’s hallmark during his tenure: ‘We try to bring facts to the table.’
Kerry Wills also accepted $19,500 in luxury travel gifts he didn’t disclose
If RIA founder/owners want to keep working but worry the red-hot M&A market will run out of steam, there's a third option
Working longer and delaying Social Security can significantly boost retirees' income
Group says Reg BI enforcement probably won’t draw same criticism as share-class crackdown
The risk tolerance technology provider debuted new Reg-BI compliant workflows at the FSI conference
Three salesmen barred for selling the Woodbridge Ponzi scheme still have state licenses to sell insurance
The Massachusetts rule would impose fiduciary duty on financial advisers in the state
But that could change under a new proposal that would scrap the current system, which taxes estates, and instead require heirs to pay income tax on the money they receive
Retirement plan participants who traded in their accounts in 2019 largely moved out of stock funds and into fixed income
The agency highlights specific examples of firms' cybersecurity and operational resiliency practices
Banks and insurers could be early movers, and there will be opportunities for advisers to scale their businesses
Fidelity says the new experience will reduce the number of pages needed to open an account by 75%
