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Merrill Lynch will allow IRA commissions in some circumstances under DOL fiduciary rule
Beginning in June, Merrill advisers will be able to use "limited purpose brokerage IRAs" for certain products and transactions, and the firm will also make more products available over its advisory platform.
Finra advances proposals to crack down on ‘high-risk’ brokers, unpaid arbitration awards
Regulatory board moves to toughen penalties for advisers with certain past infractions and those who welch on payments owed to investors.
NAPA says DOL secretary Alexander Acosta wants to freeze fiduciary rule
In a conversation with Sen. Tim Scott, Mr. Acosta reportedly said he's been in communication with the White House and "recognizes the urgency of the situation."
Barclays will refund $97 million to advisory, brokerage clients
Firm agrees to settle three sets of SEC violations concerning overcharges.
Wall Street sounds off on Trump’s firing of FBI Director James Comey
Some believe it will curtail momentum the president had established on health care bill and tax reform.
What’s really behind the opposition to state auto-IRAs?
Some arguments against the programs appear flimsy when examined closer.
9 more firms adopt fee disclosure template for clients
The fee schedule, developed by state regulators and other groups, details account maintenance and cash management charges.
Former SEC accountant pleads guilty to illegal securities trading — and then lying about it
David R. Humphrey also settled parallel civil charges with the SEC and will pay more than $108,000 in penalties.
The conundrum of state-run retirement plans
Some opposed to state-run retirement plans argue that these types of plans should be handled by the private sector rather than the government.
Morgan Stanley’s decision to cut Vanguard funds likely due to DOL fiduciary rule
Because of the fiduciary rule, broker-dealers are looking to have level compensation across their platforms.
Why Congress is making it tougher to retire
The new health care bill and a move to limit retirement savings will both hurt those trying to prepare for retirement
Opponents of DOL fiduciary rule want SEC to modify suitability standard
ICI chief executive Paul Schott Stevens is the latest to telegraph the route the financial industry wants the agency to take.
New tax plan is a work in progress that needs advisers’ input
President Donald J. Trump plans to host a series of listening sessions on the tax plan.
Independent broker-dealer Triad Advisors sues former advisers
Firm takes action against former advisers for allegedly violating terms of promissory note
Health care now moves to a slow track in Senate
Senators seem intent on writing their own bill, a process that could delay a final law until the end of the year.
ICI head casts doubt on further delay of DOL fiduciary rule
Paul Schott Stevens says prospects for a delay are 'uncertain' and that the rule 'is already causing great harm.'
Include health savings accounts in fiduciary process
The DOL rule that requires acting in clients' best interests will apply to these accounts.
Senate votes to kill state auto-IRA rule
If signed by the president, as expected, the resolution likely would have a 'chilling effect' on development of such retirement plans by states, due to the loss of the ERISA exemption.
Finra board to consider crackdown on high-risk brokers, unpaid arbitration awards
The group also will mull amendments to arbitration procedures.
House committee approves Dodd-Frank replacement bill that includes repeal of DOL fiduciary rule
The Financial CHOICE Act also makes substantial changes affecting many regulators, including the Securities and Exchange Commission.
