Finra also suspends the broker, a firm lifer, for 18 months
Risk modeler estimates up to $90 billion in losses
Arbitration puts blame on client's power of attorney, not firm
Revised tally covers a longer period, going back to 2009
The regulator said the Reno adviser's marketing materials misrepresented returns.
Declining fees and record keepers pose strong headwinds, while plan design and participant engagement could be boons for business.
High rates of employee turnover and inefficient administration by an employer should give advisers pause before implementing the plan-design feature.
August payrolls may have grown by as much as 200,000
If the best-interest contract remains in some form, action could switch to state courts; Finra still allows class actions.
Ms. Blass returns to the agency, where she previously worked for more than a decade, to run a division with influence over fiduciary duty.
Individuals and firms are donating time and money to help storm victims
Plaintiff says automated investment advice program is a 'predatory racketeering enterprise'
Monetary policies and cryptocurrencies have eroded its traditional function
Labor Department says it also needs more time to look at any 'undue burden' the rule may cause.
With demand limited, most advisers outsource it to lawyers and accountants, but some see value in adding it to their menu of services.
Anthony Mastroianni Jr. allegedly engaged in "in and out" trading of speculative stocks.
Mr. Milken pleaded guilty to securities fraud in 1990 and spent 22 months in prison.
Survey finds top concerns are reducing plan expenses and managing fiduciary responsibilities.
