Finra also suspends the broker, a firm lifer, for 18 months
Arbitration puts blame on client's power of attorney, not firm
Declining fees and record keepers pose strong headwinds, while plan design and participant engagement could be boons for business.
Ms. Blass returns to the agency, where she previously worked for more than a decade, to run a division with influence over fiduciary duty.
If the best-interest contract remains in some form, action could switch to state courts; Finra still allows class actions.
High rates of employee turnover and inefficient administration by an employer should give advisers pause before implementing the plan-design feature.
Individuals and firms are donating time and money to help storm victims
Plaintiff says automated investment advice program is a 'predatory racketeering enterprise'
With demand limited, most advisers outsource it to lawyers and accountants, but some see value in adding it to their menu of services.
Labor Department says it also needs more time to look at any 'undue burden' the rule may cause.
Mr. Milken pleaded guilty to securities fraud in 1990 and spent 22 months in prison.
Anthony Mastroianni Jr. allegedly engaged in "in and out" trading of speculative stocks.
Survey finds top concerns are reducing plan expenses and managing fiduciary responsibilities.
Methods for charging client fees OK in some states, not others.
Aaron Johnson took $620,000 in excessive fees from clients.
The Trump administration is signaling its intent to remove the fiduciary rule's provision regarding class-action litigation. Here's what broker-dealers and RIAs need to know.
One observer says agency is trying to give certainty to markets; another asserts it is executing pre-determined course to water down regulation.
Financial Services Institute says extra supervision would result in a 'CFP tax,' while mother of Labor Department regulation cheers revisions to standards of conduct.
The three-member adviser team expands the footprint of Syntal Capital Partners.
