Ever since the Dodd-Frank financial reform law was enacted, Capitol Hill Republicans and the financial industry have insisted that the Securities and Exchange Commission and other regulators carefully measure for the potential impact of new rules on the markets. Industry was not alone in traveling the cost-benefit-analysis highway this week. Fiduciary advocates demonstrated that it is a two-way street.
The SEC is actively reviewing advisers' ADV forms. What's the commission looking for? Tarted up claims, including inflated education or professional credentials.
Public trustee bemoans break with historic self-financed structure
Clients claimed rep told them to put their IRA into life settlements
Transition from SEC rule doesn't require outside help, just effort; fiddling with AUM
Albridge survey shows most brokerages fork out 10% of revenue on oversight
Best of the lot focus on tradeoff strategies to meet income goals; wildly different answers a worry, however
Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.
The Swiss bank announces plans to cut up to 10,000 additional employees over the next two years.
The SEC says it is targeting senior management in its reviews of brokerages and advisory firms.
Democrats and Republicans are headed for a big blowup over taxes — and the treatment of capital gains could be what sets them off.
Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.
Acquisition creates firm with 400 independent-contractor reps, dual headquarters.
The latest round of budgetary brinksmanship recalls a similar government flirtation with financial calamity
Commonwealth Financial's CIO Brad McMillan discusses the latest job report and the questions over its legitimacy.
Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.
Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.
Schumer lacks specifics of tax plan; Republicans balk
