Brokers moving to a new firm would be forbidden for 12 months from contacting clients once they left.
Settlement claimed firm let brokers sell excessive amounts of alternative investments as a percentage of their clients' total portfolios.
We are kidding ourselves if we think it doesn't happen in the financial advice profession, if we think we are somehow different from testosterone-driven Hollywood, the technology industry or even the broader financial services industry.
President Trump has promised the middle class will be the biggest beneficiaries of the tax overhaul plan, to be released Nov. 1.
Broker-dealer must pay fine and reimburse the state over 'Robin Hood' case involving disgraced broker serving more than five years in jail for defrauding clients.
Long-running case centers on reasons firm gave for broker's discharge.
Report reflects Trump administration's skepticism of investment-advice regulation for retirement accounts.
Sweeping bill to be released in just five days.
Annual open enrollment season offers chance to defang drug expenses.
They may provide high-net-worth clients with tax-advantaged portfolio income, cash access, creditor protection under some state laws and a tax-free death benefit.
The 'Age 55 rule' is a little-known strategy that provides income without the IRS penalty.
Task force will target widespread problems involving inadequate fee disclosure and unsuitable product recommendations.
Differences in how men and women view longevity can have big impacts on their finances during retirement
Harmonizing between federal agencies and state regulators is a complex task in everyone's best interest.
Jason Charles Parker set about to 'ravage' clients' savings 'without remorse,' arbitrator states
How do firms and brokers or executives continue to make the same sorts of mistakes while Finra and the SEC consistently miss the transgression?
Despite the president's assurances that 401(k) plans would remain as they are, House Ways and Means Chairman Kevin Brady doesn't rule out changes to the retirement accounts.
Investor advocates fear brokerage firms may seek to overturn Finra's rule banning class-action waivers in customer agreements.
'We have a process. They have a process. We have to respect those,' chairman tells SIFMA annual conference.
Hester Peirce and Robert Jackson Jr. believe the brokerage regulator's conduct in this area should be improved.
