The allegations fell under section 36(b) of the Investment Company Act — a strategy that has been unsuccessful for numerous plaintiffs who sue investment managers
The industry icons expressed differing views on the future of advice during InvestmentNews’ FinTech Virtual Summit
The brokerage industry self-regulatory organization says the hike is needed to address structural deficit
Scott Southerland, Jeff Cox, Mark Whitley and Josh Holby move to Pinnacle
On this week's InvestmentNews Podcast, Jeff Benjamin and Bruce Kelly discuss whether financial regs will be affected if Democrats win the election
In a move to enhance oversight of the credentials, new rules strengthen the board’s ability to enforce code of ethics and standards
Numerous other state auto-IRA programs are in development, and the plans should be thinking about drawdown strategies, a report suggests
Merrill Lynch is making changes in the way it manages young advisers and trainees
At the same time, Toronto-Dominion Bank’s acquisition of an ownership stake in the Charles Schwab Corp. was also approved
The Fed also signed off on Morgan Stanley's purchase of ETrade, which is expected to close Friday
Former Symmetry Partners executive will share the role with Brandon Thomas
A review of 45 fee-only advisers by the Institute for the Fiduciary Standard shows only 14 of them mention the term on their website homepages
The firm separated hedges into two buckets, which is a Reg SHO no-no
Retirees may be able to save money by reviewing new options for Medicare Advantage and drug plans for next year
As the potential benefits of sustainable investing become clearer, advisers have an opportunity to add value through education and guidance
The agreement opens up access to important tools for consumers, but the FTC is asking for more information about such practices
Family-run Hendrix Group Financial Services is based in Birmingham, Alabama, and had been affiliated with Securities Service Network
Corbin Lambert, who ran his own RIA firm, is also affiliated with Securities America according to the BrokerCheck database
Marietta, Georgia-based Lindner Capital Advisors and its principal were also charged with compliance deficiencies
Clifton Curtis Sneed Jr. lied about his credential and criminal past when he pitched high-return investments to church members
