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Finra postpones arbitrations through July 3
Postponement fees will be waived for hearings scheduled from July 6 through Sept. 4
Financial industry opponents remain wary of SEC’s crackdown on share-class disclosure
The end of the formal initiative failed to soothe worries about future enforcement
Investment options overpriced in pharmaceutical company’s 401(k) plan: lawsuit
Pharmaceutical Product Development mismanaged its 401(k) plan, opting for costlier investments than necessary, plaintiffs say
SEC wraps up share-class initiative by settling with Merrill, two others
Over two years, the agency's initiative returned more than $139 million to investors
Merrill Lynch revises mutual fund compensation ahead of Reg BI
The brokerage will level the pay its advisers receive for the sale of some share classes, among other changes
SEC charges suspended broker with running a $5.2 million fraud
Phillip W. Conley of West Virginia is said to have lied to investors in a Ponzi-like scheme
Some seek SEC guidance on whether RIAs must disclose COVID-19 loans
Other compliance experts say it’s not necessary unless the firm’s financial problems extend beyond virus stress
Fed rescue efforts force advisers to rethink asset allocation
The agency’s emergency efforts to rescue the economy are already being viewed as uncharted territory
Liberty Mutual sued over its 401(k)
The insurance giant allegedly violated ERISA by failing to rein in record keeping costs
Princeton trustees, 403(b) plan participants agree to settle
Charges against the school's retirement plan related to fees echoed similar cases brought against other universities
Fed’s ability to buy ETFs may ensure it never needs to
The Fed's signal alone was enough to loosen the cash crunch that had been squeezing global credit markets
Coronavirus pandemic delays final New Jersey fiduciary rule
Governor extends the deadline for regulations until 90 days after the health emergency ends
IRS warns stimulus payments will attract scammers
The payments present opportunities for scams, identity theft and low-tech crimes such as stealing checks from mailboxes
IRI wants retirement plans at forefront of COVID-19 legislation
But an investor advocate sees the proposal as a ‘brazen effort’ to use the pandemic to promote the annuity sector
Alight, Abbott Labs sued over account breach
A plan participant claims the companies violated Erisa by failing to prevent a theft of more than $200,000 from her 401(k) account
Morgan Stanley loses appeal of $3.3 million Finra arbitration
The wirehouse sought to toss a large award it lost to investors who owned Puerto Rican bonds
Finra rule allows investors more latitude in arbitration if brokers disappear
Now customers can withdraw their claim and proceed in court or file additional claims against firm personnel
Former Wells Fargo adviser part of alleged $33 million crypto Ponzi: lawsuit
The purported scheme targeted doctors and claimed their money would be used to trade cryptocurrency using a proprietary algorithm
3 Questions: Regulatory deadlines with Karen Barr
The CEO of the Investment Adviser Association discusses how hard it will be for advisers to meet Form CRS requirements by June 30
Finra review shows paths brokerages take to implement Reg BI
Experts say Finra, SEC will focus on firms' process for achieving compliance
