Responsibility for advice — even that which is incidental to a transaction — cannot be palmed off on an inanimate object.
Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.
Florida financial advisers are appealing a lower court decision in ongoing legal battle over how they can describe their compensation.
The comment period for the rule, which was introduced in December, closed on Monday.
If the Labor Department has its way, say goodbye to the variable annuity industry as we know it. </br><b><i>(Related: <a href="http://www.investmentnews.com/section/specialreport/20160221/ANNUITY22016" target="_blank">Spotlight on Annuity Strategies special report</a>)</b></i>
Regulator launches target examination to assess compliance values and how they influence brokerages' ability to adhere to securities rules.
Plus: Most investors made money in March, negative interest rates could mean the end of cash as we know it, and re-writing office dress codes
The insurer allegedly made false representations to investors over the strength of its long-term-care business.
One says isolationist policies could be bad for economic growth, but another likes his stand on tax reform.
The North American Securities Administrators Association will make Senior$afe available to its members next month.
Exchange-traded funds have achieved a new feat, producing dozens of funds that are riskier than the most volatile individual stocks in the Standard and Poor's 500 stock index.
The Securities and Exchange Commission will be looking at ETF sales strategies, trading practices and disclosures, as well as suitability and sales supervision of variable annuities.
Updates for the latest version include features on client goals, life expectancy, household risk tolerance, health care and Social Security.
Regulators are continuing their push for industry-provided data to improve compliance oversight.
If the Fed takes rates into negative territory, it might actually be able to raise rates faster and higher
David Randall Lockey, who had worked for SWS Financial Services, now known as Hilltop Securities Independent Network, is named in the complaint
It pays to understand any governance structures already in place to ensure they meet expectations for every type of client.
House Speaker Paul Ryan has charged into the debate in the last few weeks with arguments echoing those of the financial industry.
