PIABA wants Finra to create a national recovery pool funded by brokerages.
Distribution of more variable annuities in an advisory rather than commission environment could play out as a result of Labor Department regulation.
The U.S. Securities and Exchange Commission for the first time acted to enforce new rules placed on state and local government financial advisers, alleging that a Kansas firm breached its fiduciary duty by reaping undisclosed fees from the underwriter of its client's bond offerings.
Agency brought 126 actions against more than 230 adviser or company defendants in 2015, about 15% of the total enforcement cases last year.
With the Labor Department's fiduciary rule closing in on finalization, some lawmakers still question potential costs of implementing the measure.
Mr. Thibeault pled guilty to misappropriating around $15 million from the GL Beyond Income Fund.
Rule requires transferring brokers to send an “educational communication” to clients they are trying to convince to make the move with them.
Unit will develop 'new tools and techniques' to strengthen risk analysis and surveillance.
Two top Republican senators claim the fiduciary rule is premature when the agency is still studying how Americans save.
An exam can be demanding and time-consuming, but it will go smoother if you prepare for it in advance. </br><b><i>(Plus: <a href="//www.investmentnews.com/gallery/20160311/FREE/311009999/PH/sec-exam-cheat-sheet" target="_blank" rel="noopener noreferrer">10 tips to survive an SEC exam</a>)</b></i>
Commissioner Kara Stein concedes agency is unsure how it will apply a best-interest standard to digital advice platforms.
The Financial Industry Regulatory Authority Inc. barred a Phoenix-based broker for making 12 unsuitable recommendations regarding debt instruments known as debentures.
If low interest rates have posed a challenge for seniors, why then have they done relatively well in terms of consumption and income?
Bank and Rhode Island didn't disclose cash shortfall, SEC says
Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.
Marc Wyatt, head of the agency's inspections arm, says his division analyzes data from many more to decide which to target.
Labor Secretary says its rule raising advice standards on retirement accounts is coming soon, and he will detail what was altered from the original proposal
Republican Hester Peirce and Democrat Lisa Fairfax would not likely shake up the status quo on the five-person panel.
Brokers and advisers are not the only ones looking for more information.
TD Ameritrade Institutional President Tom Nally is urging financial advisers to help restore the industry's reputation with investors amid heightened regulatory scrutiny of the wealth management industry.
