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DOL fiduciary rule takes effect, but more uncertainty lies ahead
As some provisions are implemented, the regulation's future remains a mystery. (More: FAQs shed light on nuts and bolts of DOL rule)
SEC bars former Ameritas adviser after fraud trial finds him guilty
Sheik F. Khan, formerly with Ameritas in Pasadena, Calif., misled private-deal investors.
RIAs tout their fiduciary status to clients as DOL rule implementation begins
Some wait for Trump to conclude review before telling clients about rule.
As DOL fiduciary rule takes effect, B-Ds focus on compliance
Firms have trimmed their lineups of investment products, leveled broker compensation and standardized compensation across product lines
DOL fiduciary: The battle is just beginning
InvestmentNews senior reporter Mark Schoeff Jr. gets the skinny on the next phase of the fiduciary rule's rollout.
The disclosure 401(k) advisers may be missing under the DOL fiduciary rule come June 9
The regulation will trigger a fiduciary acknowledgement from advisers. But, strangely, it's not a disclosure mandated by the rule itself.
House passes bill that would kill DOL fiduciary rule
Financial CHOICE Act faces long odds in Senate. Meanwhile, House and Senate Republicans introduce stand-alone legislation to scuttle the regulation.
Ex-Morgan Stanley rep investigated for trading abuses barred by Finra
Twenty-three year veteran Anthony Joseph Verzi decides not to testify during regulator's inquiry.
Where retirement advisers should focus their preparations for the DOL fiduciary rule
The fact that the impartial conduct standards are the sole requirement of BICE during the transition period speaks volumes to their importance to retirement advisers.
DOL fiduciary rule: What’s wrong with the financial advice industry?
The concept of the rule has divided our industry in ways no one could have predicted.
Rep barred for not disclosing $100 million in private transactions: Finra
Correction: An earlier version of this story incorrectly identified Securities America as the firm that employed Jim Seol.
Labor Secretary Acosta: Concerns with DOL fiduciary rule ‘not heard’ during original rulemaking
A request for information sent yesterday to the Office of Management and Budget is the first step in reviewing the rule, Mr. Acosta said. Plus, Investment Adviser Association members take complaints about DOL rule to Capitol Hill.
Finra fines former Sterne Agee rep for VA violations
The Financial Industry Regulatory Authority has suspended a former Stifel, Nicolaus broker, for four months and fined him…
DOL fiduciary rule: Edward Jones changing stance on mutual fund commissions in IRAs
The brokerage cites "additional flexibility" granted by the DOL in recent guidance as a determining factor.
Investment Adviser Association members take complaints about DOL fiduciary rule to Capitol Hill
The organization supports the underlying goals of the DOL rule, but thinks it should be "more appropriately tailored" to investment advisers.
Ameriprise slashes number of funds available to advisers ahead of DOL fiduciary rule
The firm is cutting more than 1,500 funds that no longer meet its due diligence standards.
SEC charges Alpine Securities with failure to file suspicious activity reports
Agency says Utah broker-dealer failed to document suspicious microcap stock trades
Supreme Court curbs SEC’s power to recoup illegal profits
The SEC extracted almost $3 billion in disgorgement payments in 2016.
DOL fiduciary rule should be improved, not scrapped
Biggest concern is threat of excessive litigation due to best-interest contract exemption.
SEC reasserts itself on investment-advice standards, but it’s not clear whether it will overtake DOL fiduciary rule
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
