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Former Wells Fargo manager alleges age, race, disability bias
A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer
CFP hopefuls slow to embrace remote exams
Only 6% of 2,153 candidates who sat for the test in September exercised the option to take it from home
Fiduciary insurance costs soar amid new 401(k) litigation
It is arguably a scary time to be a retirement plan sponsor, and many might forgo liability coverage
Labor Department moves at ‘warp speed’ on ESG rule
The proposed rule, which would make it more difficult for retirement plans to invest in ESG, was submitted to the White House last week
Former SagePoint rep fined $5,000 for unapproved private transactions
Troy Baily of Omaha, Nebraska, was also suspended for six months for selling $210,000 in Future Income Payments
Investment Company Institute appoints Eric Pan chief executive
Former SEC, CFTC official puts mutual fund disclosure, ESG policy at top of agenda
Reg BI promotes same standard of care across advice models: SEC’s Clayton
'I think it’s going pretty well,' he said about the first four months since implementation
NYSE threatens to move out of New Jersey if trade tax is imposed
A test in which the exchange temporarily moved its production servers out of New Jersey was successful, exec says
Bill would let 403(b)s use PEPs
There could be even more demand for pooled employer plans from nonprofit organizations than from the for-profit side
Fidelity on pace to dominate HSA business
Since 2016, Fidelity’s market share more than doubled, according to a recent Morningstar report
Court in Colorado enters judgment against Ponzi schemer
Daniel Rudden of Denver had received a 10-year sentence in a parallel criminal case
New Jersey financial transaction tax set for Assembly hearing
Amendments to reduce the size of the levy and set an expiration date likely to be considered
Wells Fargo fires more than 100 workers for abusing federal aid program
Staffers made 'false representations' when they applied for a coronavirus loan program, according to a Wells memo
Nestle sued over its 401(k)
A class-action lawsuit alleges excessive record-keeping and managed account fees
Advisers should keep an eye on state laws and regulations
Taxes on the industry, fiduciary rules and independent contractor status are among the regulatory issues at the state level
Investors unfazed by pandemic-related market volatility, Finra finds
Most demographic groups lack confidence that U.S. financial markets are fair to average investors
Criminal, civil charges filed against phony adviser in $2.95 million fraud
Former New Jersey warehouse operator Alexander Rowland promised returns of up to 140% a year
How to stay out of trouble with ESG-related investments
What the DOL has failed to grasp is that today, ESG items can be financial factors, capable of creating value or exposing liability
Savings in DC plans increase, but outcomes remain ‘bleak’
Only the top 40% of near-retirement 401(k) participants by income have enough saved for retirement
XYPN advocates for consistent regulation of fee-for-service advisory model
The group's lobbying effort must address states’ concerns about charging without delivering
