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Industry opponents urge appeals court to rule on DOL fiduciary rule
Plaintiffs cite the two provisions of the regulation that became applicable in June, which they claim are 'imposing direct, substantial and continuing burdens on appellants' members.'
Fi360 upgrades adviser fee-benchmarking tool
Retirement plan advisers and firms can use software filters to see how their fees compare to industry peers.
Finra fines three former Cetera firms over sales
Investors Capital, J.P. Turner and VSR to pay $698,612 for pushing higher-priced fund classes.
Finra bars two former Wells Fargo reps over unsuitable energy securities
California brokers Charles Frieda and Charles Lynch allegedly exposed clients to undue risks.
Congress’ work on tax reform barely gets a passing grade
Reform proposals should not be drafted behind closed doors
Finra bars former UBS rep for private securities transactions
Regulator says Kenneth Tyrrell engaged in undisclosed trades worth $13 million.
Finra would have special arbitrators make expungement decisions
Regulator also seeks to set one-year limit from time a case closes to request a hearing.
Barred Florida broker goes on to sell millions in defunct Woodbridge loans
Since the SEC bar in 2010, Barry Kornfeld has sold commercial mortgage loans of the Woodbridge Group of Companies, which filed for Chapter 11 bankruptcy and has stopped paying investor distributions.
Finra censures Investacorp for laxity on fund sales
Ladenburg Thalmann subsidiary agrees to pay restitution of almost $250,000 for overcharges.
Finra notes compliance pitfalls in first-time release of exam findings
Broker-dealer self-regulator summarizes deficiencies on areas including product suitability, cybersecurity
Legislation to combat elder financial abuse advances in Senate
Senate Banking Committee approves measure as part of larger Dodd-Frank reform bill.
Senate tax bill changes for pass-throughs more generous than House version, experts say
Senate measure's handling of such small-business income is simpler and makes allowances for more service companies.
SEC charges two former brokers with churning
Four Points Capital Partners clients of Zachary Berkey and Daniel Fischer said to have lost $573,867.
Finra says BB&T overcharged retirement plans, charities
Firm censured, agrees to provide remediation to clients affected.
Woodbridge bankruptcy burns advisers and real estate investors
Luxury developer in SEC fraud investigation leaves elderly investors without monthly dividend.
What advisers need to know about the differences in the Senate and House tax bills
Major variations include provisions on stock sale timing, pass-through policies and the alternative minimum tax.
Finra needs to get serious about its pledge to protect investors
This is not the first time the regulator has been called out on the makeup of its board.
How to balance marketing and compliance
Consider the Advertising Rule when engaging with various forms of media.
Unions could be ‘next frontier’ for retirement plan litigation
New excessive-fee suit alleges multiemployer plan covering more than 27,000 participants breached its duties under retirement law.
Protecting client data at advice firms
Patch systems promptly, train employees regularly and prepare for the worst.
