A combination of increased revenue, including a doubling of money raised through fines, and lower expenses helped Finra significantly increase net income last year.
Advisers should consider whether collective trust funds and separate accounts offer lower expenses than their mutual fund counterparts.
Both regulators are in the midst of major personnel changes and Congress is headed for an election year.
Measure would encourage advisers and financial institutions to report potential fraud, while protecting them from civil or administrative liability.
Financial Services Institute supports legislation to replace Labor Department's rule, and is not ruling out a lawsuit if it is finalized.
Mistakes made on this form are low-hanging fruit for the SEC and state regulators.
Will putting iconic fund firm in the crosshairs turn fiduciaries' attention toward overall value and away from fees?
The agency issued guidance to directors saying they should install a process to evaluate whether administrative fees are being used to encourage distribution.
Despite SEC chairwoman's concerns over leverage and impact on individual investors, backers hope legislation will pass because of bipartisan support.
Here's a break down of Congress' latest moves to adjust the tax code.
If you want to make money in the financial advisory business, don't be a financial adviser. Heading groups that advocate for them pays much better. <i>Plus, <a href="//www.investmentnews.com/gallery/20151201/FREE/120109998/PH"" target=""_blank"" rel="noopener noreferrer">see what the top brass make.</a></i>
Broker-dealers and advisory firms would be foolish not to take regulatory priority letters seriously.
Fees that participants pay must be the lowest possible if the sponsors are to avoid potential lawsuits
President Barack Obama told the nation on Tuesday night that he wants American workers to carry their retirement savings with them wherever their career path leads. But he didn't mention what should happen if they take their savings to a financial adviser.
The SEC must be more transparent about its new questionnaire. What is the ultimate purpose? What justification is there?
Through its queries to financial advisers, the regulator is asserting its presence in an area normally associated with the Labor Department.
The Labor Department wants to update the fiduciary standard, raising the bar for any advice given by brokers. A change is long overdue, says the former SEC chairman.
The life insurer eyes a possible sale of the company's U.S. adviser force as it reshapes its business mix to limit government oversight.
A pioneer in bringing lawsuits over retirement-plan fees is investigating several large plans, building on recent successes and a broader wave of litigation.
Hot on the heels of some big victories, law firm Schlichter Bogard & Denton has filed a new complaint alleging fiduciary breach under ERISA.
