The independent broker-dealer is cutting the required investment in its Optimum Market Portfolios to $1,000 from $10,000.
A man was sentenced for helping steal nearly $1 million from participants in the Employees Retirement System of Texas, a development that occurs as the DOL is ramping up efforts to boost cybersecurity in retirement plans.
The Financial Industry Regulatory Authority Inc. said at the start of the year it was looking into registered representatives who applied for coronavirus-relief loans for possible violations.
The digital payments platform says the acquisition of the Australian buy now, pay later company will allow it to capitalize on the shift away from traditional credit, especially among younger consumers.
Given the looming shortage of advisers, the industry must improve its diversity and inclusion efforts so it can attract and retain employees from diverse groups.
Parsippany-based Headquarters Advisory Group's three principals will become financial planning consultants with Avantax Planning Partners.
The Glen Allen, Virginia-based firm was founded in 2015 and operates as Capstone Financial Partners.
Consilium Financial Group has used Merit's investment offerings and operational support since 2015.
The rule requires firms with a history of misconduct or that employ a high number of reps with disciplinary records to deposit cash into an account controlled by the Financial Industry Regulatory Authority Inc.
Legislation by Rep. Patrick McHenry, R-N.C., would allow anyone who passes the agency's exam to purchase unregistered securities, but credentialing groups are concerned about the mechanism for becoming a sophisticated investor.
In a letter to Labor Secretary Marty Walsh, Democrats asked for an update on the DOL’s rule proposals on ESG criteria. Last year, the Trump administration DOL finalized two rules that tamped down on use of so-called nonpecuniary factors in investment selection.
More than 100 individuals were named on the short list for awards in 16 categories; the winners will be announced on Sept. 9.
The largest independent brokerage was firing on all fronts for the three months that ended in June, including recruiting advisers, bringing in net new assets and completing previously announced deals to purchase advisers.
Times have changed as the giant money manager for professors puts a $97 million penalty behind it.
A new SEC registration form tailored to the products would support innovation, the Insured Retirement Institute argues.
Legislation written by Rep. Alexandria Ocasio-Cortez, D-N.Y., would require some advisory firms that manage wealthy families' finances to register with the Securities and Exchange Commission.
It's critical for wealth management firms to create authentic and compelling narratives around their sustainable investing offerings.
Gensler says he's asked agency staff to seek additional disclosures from Chinese firms before signing off on their registration statements to sell shares.
AssetMark reported a 33.8% increase in AUM following a recent pivot to offer products tailored to registered investment advisers.
Lisa Gomez's career is rooted in ERISA, and her keen understanding of the law would help the DOL as it seeks to implement new rules, lawyers said.
