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DOL rule poses problems for advisers’ daily routines
Workflow changes are a big challenge of the fiduciary rule, says Aite report
Finra engages in rulemaking by enforcement: financial industry groups
FSI and SIFMA criticize broker-dealer regulator for creating standards based on settlements.
Market forces could cause fundamental changes to small and midsize 401(k) markets
The Labor Department's fiduciary rule and pending MEP legislation may drastically reduce entrenched inefficiencies at the smaller end of the retirement market.
Time for Finra to pull back the curtain on its oversight and board
The regulator undercuts its investor-protection mission by obscuring the most dangerous firms it oversees.
CFPs, including brokers, may have to adhere to a stricter fiduciary duty
CFP Board revises its standards and aims to beef up fiduciary requirements of certificants.
Paul Ryan reiterates goal to kill estate tax, maintain retirement-savings incentives
House Speaker aims to ease doubts about likelihood of major tax overhaul.
CFP Board’s proposal to expand fiduciary duty draws praise, carries risks
Some question whether brokers will drop the CFP mark or if the CFP Board will strictly enforce its new standard.
Putnam, Fidelity win respective 401(k) lawsuits
The legal victories come as asset managers are under fire for their dealings with retirement plans.
Brian Block trial witness says Nicholas Schorsch had hand in cooking the books at ARCP
Lisa McAlister, former chief accounting officer at the REIT once controlled by Nicholas Schorsch, said Mr. Schorsch instructed Mr. Block to commit accounting fraud in a particular financial line item.
The case for a single fiduciary standard based on the Investment Advisers Act of 1940
A single standard would both protect investors and simplify regulation.
Grad students could fund IRAs with stipends under Senate bill
The bipartisan legislation aims to encourage saving by fixing a wrinkle in existing law.
ARCP’s accounting takes center stage at Brian Block’s fraud trial
Former exec says he repeatedly warned of accounting mistakes in REIT financials
New Nevada law imposes fiduciary duty on brokers
The measure, effective July 1, requires advisers to disclose any "profit or commission" they receive and make a "diligent inquiry" about a client's financial condition and goals.
Accounting at ARCP center of fraud charges against Brian Block
A former high-ranking executive testified that he repeatedly raised warnings of an accounting error at the real estate investment trust.
Former Treasury Secretary Jack Lew: DOL fiduciary rule has ‘important purpose’
Mr. Lew, who served under the Obama administration from 2013 through the start of 2017, acknowledged the rule has "unintended consequences."
Capital Group, the sponsor of American Funds, sued for self-dealing in its 401(k) plan
The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.
Driving clarity on Finra’s rules on outside business activities
Outside business activities are a vital component of the value independent financial advisers offer to their clients and communities.
DOL fiduciary rule: When advisers actively seek to use BICE
Many advisers are embracing an exemption they've frequently derided, even though a less-contentious one is available for annuity sales.
Treasury calls on financial regulators to coordinate cybersecurity oversight
Highlighting 'fragmentation and overlap,' department suggests establishing one lead agency to align federal and state efforts.
Trial begins for former CFO of ARCP, Brian Block
Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.
