The self-regulator will require brokerages to file retail communications related to the sales of unregistered securities in addition to the offering document.
A new study details the uncovered costs retirees face for those services as Congress considers expanding Medicare Part B to include such coverage.
A state judge in Tennessee, where Ramsey Solutions is based, granted a motion to compel Ramsey's deposition in the Timeshare Exit Team case.
The Securities and Exchange Commission charged that from at least 2014 until 2019, Buttonwood took steps to avoid paying transaction costs by focusing client investments in more expensive mutual funds.
'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.
States such as California, Oregon and Illinois are requiring small businesses to either provide their own 401(k)s or sign up for the state program — and that is a massive opportunity for startup plans.
The agency alleges that Michael Shillin lied to clients, many of them elderly, about the value of their investments.
Cardinal Point Wealth Management targets Canadian snowbirds, but found a rich market of clients needing cross-border advice.
A new study by the Institute for the Fiduciary Standard asserts the document blurs the line between advisers and brokers.
The measures would require everyone in the country to receive a portable account at the time they are given a Social Security number.
The SEC has been cracking down on disclosures surrounding payments by funds to broker-dealers and RIAs. The agency launched an initiative in February 2018 to target advisory firms that recommended high-fee mutual funds.
The central bank could start scaling back its asset purchases in November, the Fed chairman said, after policy makers revealed a growing inclination to raise interest rates next year.
Regulators said brokerages should not only tell reps what Reg BI says but provide examples of how to meet its requirements.
Wells Fargo Advisors could fetch more than $20 billion in this high-demand market for wealth management firms.
Maryland Securities Commissioner Melanie Senter Lubin said brokers should be able to clear their records only in very limited circumstances.
A NASAA exam sweep shows that more than half of advisers lack policies and procedures to address exploitation of elderly clients.
The network is prodding the SEC to force brokers to register as advisers if they give advice, provide financial planning or hold themselves out as advisers.
The broker, Shaiful Chowdhury, was arrested for possession of 10 pounds of marijuana a month after he joined Merrill Lynch in New York City.
The more individually tailored a communication to a customer is, the more likely it is a recommendation, SEC Commissioner Allison Herren Lee said during the NASAA fall meeting.
While industry groups argue the programs will take business away from advisers, there are still ways to get involved in the retirement planning process.
