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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…
DOL releases new fiduciary rule FAQs focused on 401(k) plans
Answers touch on how retirement plan advisers should treat certain disclosures about their status as well as recommendations for increasing plan participation and contributions.
Adviser denies any role in fake news story about murdered DNC staffer
The private investigator Ed Butowsky hired to look into the murder of Seth Rich is now suing him and Fox News for defamation.
Industry groups opposing DOL fiduciary rule maximize spending on author of bill to kill measure
Brokerage industry dominates investment-adviser sector in political, lobbying spending.
Yet again, Tommy Belesis barred from the securities industry
Anastasios “Tommy” Belesis, the former owner of John Thomas Financial who once maintained a…
Fiduciary rule will top agenda for new head of SEC’s Division of Investment Management
David Grim steps down after two-decade career at agency; new leader has not been named.
Edward Jones broker terminated over client gift is barred by Finra
Regulator says Ralph Villanueva Villavicencio failed to provide testimony for its investigation.
Consumer and insurance groups disagree on advice standard for annuity sales
Consumer groups and American Council of Life Insurers square off over how stringent the investment advice standard should be.
Finra bars broker, firm principals for $5 million account churning
But no fines or restitution imposed because two of the three have filed for bankruptcy.
Revised Form ADV requires much more data from advisers
Securities and Exchange Commission steps up information collection to augment risk analysis.
Bannon proposal to raise top tax rate dismissed by White House official
Income-tax increase on wealthy to pay for middle-class cuts won't encourage growth, says Marc Short, Trump's director of legislative affairs.
DOL fiduciary rule already proving to be harmful and onerous
The Financial Services Institute has urged the DOL to delay full implementation of the rule until April 10, 2019. But a delay alone will not be enough, according to the trade group.
Stifel CEO raises doubts about future of DOL rule
Ron Kruszewski doesn't think the DOL rule will be implemented on schedule — and may never take effect.
Massachusetts regulator blasts SEC’s Piwowar over fiduciary rule
William Galvin reiterates support for fiduciary standard in letter to DOL.
Former Aegis Capital broker barred for skipping hearing
Kenneth L. Jones had been terminated for not disclosing outside business.
More advisers disapprove of Trump job performance at six-month mark
More than half of respondents to InvestmentNews poll say their confidence has dropped since start of term. Supporters give him partial credit for market uptick.
Bannon plan to raise taxes on highest earners may find GOP support
Lawmaker says higher top income-tax rate may be acceptable, if coupled with other changes benefiting corporations.
Former Morgan Stanley broker barred over claims of unsuitable trading
Anthony Vincent Ferrone refused to provide complete testimony at Finra hearing
