Mark Schklar fined $10,000 for selling private securities without prior notice.
Sen. Elizabeth Warren says investors are being taken advantage of by brokerage firms, citing a study that determined the industry failed to pay $62 million in claims in 2013.
The wirehouse offers a way for non-fiduciary brokers working with 401(k) plans to continue working with clients in the small-plan market
Measure, passed by overwhelming House majority last year, gives brokers safe harbor for issuing reports.
Finra suspended Adam C. Smith for one year and imposed a $10,000 fine for accepting gifts totaling $105,000.
Broker-dealer groups endorse the change, saying it would put them on a level playing field with investment advisers.
Small fund companies may have to pivot, by embracing a niche specialization or redirecting sales forces toward new distribution channels.
Mr. Putnam was a key architect in the early days of the firm, overseeing its tremendous growth.
Consumers want products that offer peace of mind and make it easier to manage a budget in retirement.
Some retirement plan advisers see providers' compliance moves as potential competition.
Just as advisers are obligated to fulfill fiduciary duties, elected officials are similarly obligated when it comes to public policy.
Three new portfolios from Motif Investing promise to refund a monthly subscription fee for underperformance
The House Republican approach kills investment-income levies, but the breadth of coverage could shrink.
Ariel Investments wins trademark suit against small Florida RIA with same name.
Division bulked up under Mary Jo White, but is already curtailing expenses as it awaits new budget
Resolutions to overturn the rules only require a simple majority to pass, and aren't subject to a Senate filibuster
The regulator's acting chairman says he prefers that agency employees conduct exams.<a href="http://www.investmentnews.com/article/20170306/FREE/170309954/sec-enforcement-unit-bracing-for-budget-cuts-under-trump" style="color:#b10816" target="_blank">​ <i><b>(More: SEC enforcement unit bracing for budget cuts under Trump)</b></i></a>
Frank H. Black and his firm, Southeast Investments N.C. Inc., failed to retain business-related emails and to achieve compliance with applicable securities laws, according to the Finra panel's decision.
If nothing else, the dollar amounts should be adjusted for inflation.
