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SEC bars California adviser for bilking pro athletes
Ash Narayan settles case alleging he accepted $2 million from failing company he recommended to clients
CFP Board gets nod in Labor Department’s investor fiduciary FAQs
DOL says it promoted tools it found useful, including a link for finding local CFPs, but is open to hearing from other designation sponsors.
New cybersecurity regulation hits New York financial firms March 1
The rules, which include having written policies and procedures and a designated chief information security officer, could become a model for other states.
Second round of DOL fiduciary rule FAQs clears confusion on common compensation practice for 401(k) advisers
Advisers can continue to offset a level fee charged on retirement-plan assets with revenue-sharing payments such as 12b-1 fees.
SEC hits Morgan Stanley with $13 million fine
Says wirehouse overbilled investment advisory clients due to coding and other billing system errors.
With DOL fiduciary looming, Advisor Group reduces fees on its brokerage and advisory platform
Move is among a series of changes the firm is making as it gets ready for deadline on implementing DOL fiduciary rule.
Morgan Stanley fined more than $10 million for violating customer protection rule
That rule is intended to safeguard clients' cash and securities so they can be promptly returned should the broker-dealer fail.
As Donald Trump takes office, watch for action on these adviser issues
The elephant in the room is the Labor Department's fiduciary rule, but other areas include broad health care and tax reform.
Congress shouldn’t overlook these adviser issues in rush for change
From filling the SEC to renewing bills addressing accredited investor status and elder financial abuse, legislators shouldn't forget past priorities.
DOL encourages investors to ask advisers if they are fiduciaries
Agency provides a litany of questions for consumers as well as FAQs on technical compliance for advisers. (More: Want to see additional questions? Check out InvestmentNews' list)
Most small employers oppose state, federal government as auto-IRA sponsors: survey
Ideology about the role of government in the free market and concerns over effective implementation of the auto-IRAs are primary factors.
Large record keepers Fidelity, John Hancock and others expanding fiduciary duties
Some are willing to take on more responsibilities in areas such as investment product selection, IRA rollovers and even financial wellness.
SEC announces 2017 exam priorities, adds robo-advisers to list
The addition reflects regulators' concerns about potential investor risk posed by automated-advice services.
Chamber of Commerce calls on Trump to delay DOL fiduciary rule
The business interest group would like the new administration to halt and then replace the regulation that requires advisers act in the best interests of clients in retirement accounts.
Finra bars former Hilliard Lyons broker
Henry Al Dean Watson failed to show up during inquiry into arbitration claim alleging excessive trading and commissions, unauthorized trades and portfolio mismanagement.
Death of DOL fiduciary rule could spur SEC action on uniform standard
With Republicans and the industry holding sway in 2017, the SEC might push through a less-stringent regulation — perhaps simply elevating the current suitability rule.
State auto-IRA programs could be a boon for 401(k) advisers
The programs, currently being established in five states, open up distribution opportunities for 401(k) advisers in the short term and create longer-term prospects.
House bills would put brakes on SEC, other regulators
Republicans have put regulatory reform — and rolling back Obama administration rules — at the top of their agenda in the new session of Congress.
Amid DOL fiduciary rule doom and gloom, some take opportunistic tack
Some providers see sales opportunity due to broker-dealers' narrowing of product platforms.
Health savings accounts front and center amid Obamacare repeal efforts
With most versions of the plans aimed at replacing Obamacare including higher deductibles and out-of-pocket expenses, HSAs could represent a tradeoff in terms of costs.
