Group suggests gauging sophistication of individuals based on knowledge, or limiting the portion of a portfolio that can be invested in private placements.
<b>LPL Focus 2014</b>: Firm CEO Mark Casady tells 3,500 advisers to be ready for more requests for documentation and background.
Workers could have more power to hold plans accountable for excessive fees, depending on how the court rules on a key case next year.
A 19-year veteran of the organization will replace Linda Fienberg on Dec. 1.
Susan Walker admitted to accusations she used $980,000 of client assets to pay for personal expenses, including vacations and private school tuition.
Bruce Meyers allegedly inappropriately pushed an offering for a pharmaceutical company he co-owns.
Whistle-blowers might rake in more by dealing with the feds, but they're frustrated by slow process.
Dennis Wright allegedly stole money from at least 28 customers, including childhood friends and inexperienced investors.
The advisers allegedly violated Finra rules and firm policy by encouraging some of their larger clients to invest directly in hedge funds.
Where the court stands on a six-year statute of limitations could shape how fiduciaries serve retirement plans and participants.
Where the court stands on a six-year statute of limitations could shape how fiduciaries serve retirement plans and participants.
Changes would not take effect until 18 months after SEC signs off, three times longer than originally proposed.
<i>Breakfast with Benjamin:</i> Gross leaves and the cash follows. Plus: A new robo-adviser enters the market; Schorsch at it again, with a twist; corporations are healthy, healthy, healthy; oil prices are falling; and Elon Musk's next move.
A Finra arbitration panel ordered Vladimir Eydelman to repay his former firm after he was fired in March amid charges of insider trading.
Jonathan Sokobin, the regulator's chief economist, will bring together a group of small firms to better understand costs and benefits of the proposal.
Group will advance recommendations, with a key focus on cost versus benefit.
Finra proposal bashed as an 'envelope-stuffer'
The role moving to the SEC would require brokers to put written procedures in place to verify the accuracy of applicants' U4 forms.
Advocate urges SEC leader to move ahead with split commission.
