The yield on the bellwether 10-year Treasury note has jumped from 1.37% in early July to 1.70 Thursday.
Mark Tauzin was suspended for eight months from any Finra-registered broker-dealer, fined $20,000 and required to pay $205,000 plus interest to 14 sets of clients.
XML Financial joins roll-up firm Focus Financial.
Lawsuit argues plan wasn't diversified. Case doesn't fit prevailing litigation theme of targeting multibillion-dollar retirement plans for excessive fees.
Florida advisers who claimed the certifying body unfairly punished them for their compensation description lost another round Tuesday.
The deal creates a global active management complex with $320 billion under management.
ClientWorks, the company's adviser dashboard, is now available to more than 11,000 advisers, up from 500 this time last year.
Firm agreed to a settlement that includes a $125,000 fine and $102,632 in restitution.
First post-merger mutual fund already filed.
The firm allegedly conducted an unethical, high-pressure, sales contest among its advisers to encourage clients to borrow money against their brokerage accounts. <b>Plus: <a href="//www.investmentnews.com/article/20160819/FREE/160819909/morgan-stanley-hit-with-150-million-401-k-lawsuit-for-self-dealing"" target=""_blank"" rel="noopener noreferrer">Morgan Stanley is being sued over its 401(k) plan</a>.</b>
Industry trade group, as well as some mutual fund giants, push back against Financial Stability Board's proposal for stress tests.
Ironmark, which has $340 million of assets, sought scale and resources to compete for clients.
Unless, of course, you want to beat the S&P 500 over the long term.
Expanded distribution, consolidation and some lower fees expected.
Political leaders can put themselves in a better position to understand Main Street's needs by developing stronger ties to independent financial services firms and advisers.
Plus: Claims of a better robo platform, a bright spot in a dim economic recovery, and health insurance won't be less expensive this year or next
Organization that provides financial services to Christians says it would not be able to use its dispute resolution mechanism if it had to adhere to the new regulation allowing class actions.
This is the choice we all face on Nov. 8 &mdash; two flawed candidates &mdash; neither of whom represents the principles we aspire to ourselves.
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