Former governor says the firm, two former brokers were responsible for $50 million in losses
Fees for underwriting investment-grade bonds doubled in the first half
Funds would be required to report holdings quarterly if they have at least $3.5 billion of equities, up from the current threshold of $100 million
While not exactly novel, the legislation is a sound first step toward getting Main Street investors the tools they need
In the latest episode of the InvestmentNews Podcast, Jeff Benjamin and Bruce Kelly analyze LPL Financial’s latest effort to stay ahead of the recruiting curve
The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016
Calcano talks automation, the firm’s recent acquisition of Wells Fargo’s alternative investments platform and expectations for tech moving forward
Rhode Island keeps its requirement on the books
Benjamin Alderson, the former CEO of deVere USA, also agrees to a permanent bar
People who aren't prepared for retirement at age 62 aren't more likely than others to keep working, but those who do tend to benefit financially, a recent paper found
The broker-dealer network added multiple enhancements to the 10-year-old platform from portfolio management tools to reduced account minimums
The Fidelity Go program will drop fees on accounts with less than $10,000 starting in August
Democratic legislators want the agency to collect data on the impact of promoting unregistered securities
Prospecting is now more difficult, and advisers said they are less effective at selling products, a report from Limra and others shows
Should advisory firms take forgivable PPP loans when they didn't suffer any interruption in their revenue?
Consumer and investor advocacy groups have asked Labor to provide more time for public input
Paychex, Astellas and Aon were recently sued, and the $12.4 million settlement in a Northrop Grumman suit has been held up
The integration lets clients track portfolio performance with interactive voice requests
Both Black Stone Partners and Creative Capital Wealth Management are Pennsylvania-based
Initial reviews will focus on whether firms have put in place policies, procedures and training
