Alabama, Indiana and Vermont will likely be joined by many states requiring adviser action against exploitation, while giving them immunity.
Labor secretary says the extensive rulemaking process and the regulation's merits of consumer protection will protect the measure.
Rick Fleming will push the agency to follow through on its review of how brokers and investment advisers disclose their fees to clients.
Anthony Diaz, under federal indictment for fraudulent sales of alternatives, embodies the criticisms of the likes of Sen. Elizabeth Warren.
Bank of America's brokerage unit admits wrongdoing in unprecedented <a href="http://www.investmentnews.com/article/20160623/FREE/160629959/merrill-lynch-to-pay-415m-to-settle-sec-charges-it-misused-customer">$415M consumer protection settlement </a> with SEC; slapped with two other fines the same day.
While the new fiduciary rule could be interpreted as an unnecessary compliance burden, it may also present an opportunity with regard to 401(k) accounts.
Edmund F. Murphy III, president of Empower Retirement, says reforms need to be led by the private sector.
Following record MetLife fine, regulator says VAs are now at the core of their focus: complex products marketed to seniors.
The original industry regulations from 1934 and 1940 were perfect — just not perfectly enforced.
Latest lawsuit alleges widespread misuse of investor funds abetted by the brokerage firm.
Push by advisers could help tug this needed legislation out of the doldrums and on to the president's desk.
Clients accused Lee Weiss of recommending an unsuitable investment in a Polish tobacco company.
A new survey finds adult children are far less likely to say that these conversations should take place well before their parents retire or get sick.
Richard William Lunn Martin improperly recommended non-traditional ETFs while warning of economic collapse, Finra said
Call volumes rose in the first few hours of trading Friday as investors tried to make sense of what Brexit means for their retirement accounts.
High-income retirees could see net benefits decline next year if Medicare premiums rise.
National Holdings Corp. said it reached an agreement to be acquired by Fortress, a biopharmaceutical company.
States get additional guidance on how to administer 529 ABLE plans.
The larger trend toward passive investing, as well as cost-consciousness on the part of plan sponsors and general industry push to lower expense ratios, are at play.
