Firm falsely claimed brokers in banking unit were paid based on client performance, regulator charged.
It may be more essential to negotiate how a note is forgiven than the amount of capital that is being offered.
Finra orders the firm to pay $7.3 million for selling billions of unregistered microcap shares and having inadequate supervisory policies.
Higher yield on bonds and CDs, higher annuity payouts, will provide tailwind to retirees.
A unit of Fidelity has been targeted in a class-action suit for fiduciary breach under ERISA as a result of its alleged mismanagement of a stable value fund.
Claims against Justin Amaral include liquidating and acquiring annuities for victim by forging her signature.
Finra alleges a New Jersey-based broker-dealer failed to reasonably supervise VA sales.
Current 80% savings target may be too high — unless you get sick.
Industry vet replaces Michael Weil, longtime associate of Nicholas Schorsch.
<i>Breakfast with Benjamin</i>: This week's rate hike could hit the markets in a half dozen, mostly bad, ways.
In a victory for proponents of the rule, legislators' policy riders that would have prevented or delayed the regulation did not make it into the massive must-pass spending bill.
Some advisers swear by it, while others shun it as useless legalese.
As health costs become top-of-mind for clients, savvy advisers will reap the benefits.
Firms are the latest targets in another class-action lawsuit alleging breach of fiduciary duty due to excessive 401(k) fees.
Brokerages would have to send an 'educational communication' to investors outlining questions they should ask their broker about compensation and other inducements for switching firms.
In moves that indicate across the board belt-tightening at LPL Financial, the company has eliminated as many as 70 jobs and is delaying raises to employees next year by at least six months.
Fiduciary legislation could be a part of Congressional negotiations to avoid a government shutdown.
One of the largest networks of independent broker-dealers in the country recently hired a law firm, which in turn will select an investment bank to begin discussions with interested buyers, according to two sources with knowledge of the company's moves.
A former Finra director says wild market gyrations over the summer will induce cases that could take months to fully reveal themselves.
