Inserting strong language into rules, such as that wiping clean a broker's record should only be considered 'an extreme remedy,' could give it more weight.
<i>Breakfast with Benjamin</i>: Retail brokerages are shut out of the SEC's advisory committee for market reforms to protect retail investors.
Maine program offers potential model.
Markets remain vulnerable to manipulation by clever traders with computer skills
Group asserts its intent to 'continue to vigorously defend itself' against lawsuit
Over 60 brokers have jumped to LPL since October, MetLife alleges; former brokers strike back, accusing the insurance company of poor practices.
Nicole Petrosino, LPL's new head of federal government relations, outlines the firm's agenda, including getting advisers in front of their own elected officials
Fees and expenses matter, but in a procedurally prudent investment process, their management should account for less than 10% of a fiduciary's total efforts
Regulator charges Kimberly Springsteen-Abbott with misusing investors funds, fines her $100,000.
Government watchdog says securities regulator vulnerable to cyberattacks.
Opening the lines of communication with legislators helps build lasting relationships.
Broker-dealer regulator says parts of communications rules that would be excised include the filing of generic investment company material and shareholder reports.
Advocates say education, transparency better than a regulatory crackdown on alternatives.
<i>Breakfast with Benjamin</i>: State Street gets poor marks from financial advisers, despite dedicated efforts to mend fences and build new relationships.
Time for the industry to respond positively to a fiduciary standard, perhaps seeking a few clarifications and minor tweaks, but no longer seeking to kill it entirely.
<i>Breakfast with Benjamin</i>: No longer blaming earnings shortfalls on the weather, CEOs are now passing the buck to the strong dollar.
<i>Breakfast with Benjamin</i>: The firm is closing or consolidating 20 money market funds with $200 billion in assets.
Mr. Weiss and his firm will pay $8.4 million in relief to investors he duped in tobacco-related scheme
In longest-running arbitration case in 20 years, panel rules leveraged derivative investment was unsuitable.
The latest pretend adviser to emerge, Leroy Brown Jr., may win a grand prize for lying.
