Displaying 10200 results
Merrill Lynch and rep to pay $140,000 to Vermont for unauthorized actions
Broker Lawrence Barber made unauthorized changes to client's account, state charged
Fiduciary conduct is good for business
Following fiduciary best practices strengthens client relationships and makes them more enduring.
Maryland jumps into fiduciary fray with legislation requiring brokers to act in best interests of clients
Legislation requires brokers to act in the best interests of clients.
DOL fiduciary rule continues to take toll on annuity sales
Uncertainty over the Labor Department rule, in addition to a potential SEC fiduciary regulation and others from the states, was a primary contributor to the industry's slide.
Galvin’s DOL fiduciary rule enforcement triggers industry plea for court decision
Plaintiffs warned the Fifth Circuit that Massachusetts' move against Scottrade signaled that the partially implemented regulation can raise costs for financial firms.
Finra orders Hilliard, Lyons and rep to pay $445,000 in compensatory damages
Says firm and broker Christopher Duke Bennett mishandled retirement accounts.
Advisers should take SEC up on offer to waive penalties
This isn't exactly an amnesty program, but it's probably the closest thing.
Whistleblower said to collect $30 million in JPMorgan case
The bank did not properly disclose that it was steering asset-management customers into investments that would be profitable for JPMorgan Chase.
State securities regulator says states can enforce DOL fiduciary rule
Experts expect more states to follow Massachusetts' lead.
Finra issues Investor Alert warning about scams that offer Finra ‘guarantees’
Regulator scams, some using fake signatures of Finra executives, have been growing.
Donald Trump’s tax law could worsen pain of divorce according to new survey
Following a change to the treatment of alimony, respondents said they expect divorce negotiations to become more acrimonious.
Finra bars former Lincoln Financial rep for misusing customer funds
Client invested $20,000 in a real estate investment controlled by the broker, who later used the money for his own personal use.
If Finra eases firm oversight of outside business activities, broker-dealers could lose revenue
Brokerage firms would no longer be able to charge reps for supervising nonaffiliated RIAs.
Galvin charges Scottrade with DOL fiduciary rule violations
Action of Massachusetts' top regulator shows states can put teeth into a rule under review by the Trump administration.
New details into MetLife pension scandal raise questions and alarms
State and federal inquiries promise to drag on for months.
New tax law could increase pension risk transfers
Lower tax rates make it more advantageous to fully fund pension plans, often a prerequisite to conducting a pension risk transfer.
Adviser charged with defrauding investors out of $1 million in 26-year-old real estate fraud
Massachusetts securities regulator says Thomas Riquier defrauded investors while son-in-law supervised.
Legislation is needed to help heirs access bitcoin accounts
Five years ago, Matthew Moody was killed during an observational flight when the two-seater plane he was in…
401(k) plan sponsors are increasingly hiring fiduciary advisers
The DOL fiduciary rule and excessive-fee lawsuits are combining to raise the profile of fiduciary retirement plan advisers.
Advisers trying to hide high-fee mutual fund share classes won’t fool SEC
Agency has the ability to detect share-class issues using data-driven initiatives.
