Secretary Perez has confidence his agency will complete work on the rule before Obama's term ends.
Advisers need scalable, standardized and easily supervised risk management systems in light of increased regulatory scrutiny
SEC chairwoman says she will push the agency this year to make a decision on whether to raise investment advice standards for brokers but once again declined to provide a timeline.
<i>Breakfast with Benjamin</i>: The president's 2016 budget lets workers tap into their 401(k)s penalty-free once unemployment runs out.
Corporate-only tax reform faces resistance for leaving out sole proprietorships, partnerships, LLCs and S corporations.
Acknowledging that more stringent requirements could help protect investors, advisers nevertheless raise concerns about costs.
In an updated lawsuit, plaintiffs allege American Realty Capital Properties insiders artificially inflated a key metric to help it grow into a powerhouse with 4,400 properties and $21 billion in assets.
Top regulator's support of a uniform standard breaks a tie among commissioners that has stymied efforts to move forward.
Jacob Cooper's RIA used investor money to settle a prior SEC complaint and fight a class action claim from investors, the regulator alleges. <b><i>(Don't miss: <a href="http://www.investmentnews.com/gallery/20141231/FREE/123109999/PH" target="_blank">Most outlandish regulatory blunders of 2014</a>)</i></b>
Tuesday's <i>Breakfast with Benjamin</i> features an adviser sentenced to 51 months of jail time for stealing from elderly clients. Plus: Bill Gross doesn't see a rate hike till late in the year, the latest bet for oil, and a don't-miss webcast sets the stage for 2015.
<i>Breakfast with Benjamin</i>: These plans are all the rage, but whether they provide any benefits to shareholders is a whole different issue.
Calls for curb to 'egregious tax loopholes' that enable varying tax bills for investors with the same underlying assets.
Commissioner says administration ignores industry's stiff oversight by market regulators.
Firm claims former adviser was a “Trojan horse” funneling business to his new firm, RCM Wealth Advisors, before he joined.
The president plans to direct the Department of Labor to move ahead with a proposal that would raise investment-advice standards for brokers handling retirement accounts, arguing that conflicted advice is costing Americans billions.
Changes could spark revolt, but 'when Congress needs dollars, they're going to get them,' one adviser says.
Duo seeks to represent more than 100 trainees, more than $5 million in damages.
Possible presidential hopeful seeks to simplify tax code with two rates for income taxes, one for corporate taxes.
<i>Breakfast with Benjamin:</i> Some funds using cash for protection. Lots of it. Plus: Adviser charged with stealing $1.3M from widows and church friends, up from the ashes arises a new subprime giant, and Wall Street courts millennials.
Move launches competition with Goldman Sachs in alternative space
