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Plenty of advisers eager to scoop up ‘orphaned’ accounts
A central argument against the DOL fiduciary rule is that investors with smaller accounts will be abandoned. But many advisers stand ready to serve them.
Fiduciary double standard gives robos a free ride
What if a human adviser dispensed portfolio recommendations based solely on the answers to 10 or 12 written questions?
Fired UBS adviser revives Palm Beach scandal
Craig Price claims he was fired for speaking up about the abuse of a trust fund.
Anticipating delay to DOL fiduciary rule, broker-dealers and RIAs change course
Brokerage firms, the group most affected by a rule delay, would likely put off big projects around adviser compensation and trimming investment products.
Energy funds adviser settles with SEC over fees
Agency says manager overcharged funds $1.5 million
Massachusetts securities chief William Galvin launches investigation of broker ‘kickbacks’
Says states need to take the lead in securities investigations as Trump moves to cut back financial regulation.
Best-interest contract could be casualty of DOL fiduciary rule delay
Length of time for measure's review gives SEC, other regulators greater chance to get involved in setting advice standards.
FSC Securities to pay $592,000 for failure to supervise leveraged ETFs
The Financial Industry Regulatory Authority Inc. and FSC Securities last Thursday announced that the firm will pay a $100,000 fine and $492,000 to clients.
Finra expels Hallmark Investments and bars CEO for fraud
Head of New York-based firm led scheme to sell shares at inflated prices, says regulator.
DOL fiduciary rule: Brokers, advisers hoping delay is time well spent
Eighteen-month postponement further clouds the future of a fiduciary rule.
DOL fiduciary rule compliance costs exceed $4.7 billion: SIFMA study
Broker-dealers report paying hefty start-up costs and additional ongoing expenses, and are cutting the number of mutual funds they offer.
DOL fiduciary rule: Indexed, variable annuities big winners of a proposed delay
Indexed annuity distribution would have been upended in January, but a delay preserves the status quo.
Court orders RIA to pay nearly $2 million for defrauding athletes
Louis Martin Blazer III of Pittsburgh, Pa.-based Blazer Capital Management was barred last year
How one 401(k) adviser is successfully prospecting clients under the DOL fiduciary rule
The approach leverages relationships with property and casualty insurance brokers.
DOL seeks to delay fiduciary rule until July 2019
Battle intensifies as DOL seeks to push off implementation until July 2019.
Finra bars former AXA rep for failure to appear at hearing
Ex-AXA broker was fired by firm for misrepresentations in VA sales.
Financial trade groups to DOL: Advisers dumping small accounts
As the comment-letter deadline for the Labor Department's fiduciary rule hits, industry organizations warn of orphaned accounts.
Finra bars former Edward Jones broker for no-show at hearing on client gifts
Edward Jones fired James V. Marino for allegedly taking $25,000 from client.
ICI’s Paul Schott Stevens: DOL fiduciary rule review is opportunity for SEC
Jay Clayton, chairman of the Securities and Exchange Commission, has a window of opportunity to work with the Department of Labor to establish a consistent best-interest standard of conduct that spans retirement and non-retirement accounts.
Opioid addiction poses moral, legal challenges for financial advisers
As the scourge of opioid addiction and abuse continues to spread in the U.S., financial advisers must be…
