Self-regulator wants to encourage capital-raising while still protecting investors.
Connecticut man raided his client's account in $1.2 million theft.
The contest involved persuading customers to take out securities-based loans in which they borrowed against the value of their portfolios.
DOL fiduciary rule inspires questions about whether annuity transactions' current suitability standard is sufficient.
Developments in the excessive-fee lawsuit highlight the duty to monitor investments and the duty of a prudent trustee to be cost-conscious.
Takes enforcement action against firms taking money to tout stocks.
Certain provisions of the rule will kick in putting those affected advisers more squarely in the line of fire of the litigation enforcement mechanism of ERISA.
A state-level mandatory retirement plan will not solve the problem of Americans not saving.
The five-year class-action battle involved 1,056 former financial advisers.
Expect rapid product innovation and growing demand in this area, along with considerable business opportunity
The plaintiff takes issue with a so-called "layering scheme" in BlackRock's fund structure, whereby a fund's underlying proprietary investments charge additional fees that "cannibalize" returns for employees.
Advisers have to make accommodations, but some believe the changes are worth it to forge deep and long-term relationships with young clients.
Firm says it will look for talent among teachers, entrepreneurs and former athletes.
Explanations for removing a complaint from a broker's record range from a couple paragraphs to several pages, but critics still worry about the impact to investors of wiping a slate clean.
Disciplinary proceedings will determine whether a firm or an adviser exerted undue influence over "vulnerable individuals or individuals with diminished capacity."
Claiming rules have evolved since 2015 Supreme Court decision.
Regulators should launch a full-scale investigation into how to avoid putting firms into double jeopardy.
Sure, the delay of the DOL fiduciary rule is big news. But there are other important matters going on in Washington.
This demographic cohort seeks ever-increasing levels of responsibility and changing experiences.
Credit Karma tries to break into the business with a $0 product.
