Displaying 10201 results
The SEC should wake up and start appointing its judges
That move would take off the table a common challenge brought by defense attorneys: that hiring judges is unconstitutional.
Outlook for 2017: Strategists from Vanguard, Fidelity, Franklin Templeton, Ameriprise, BlackRock and others weigh in
Unusual number of variables in the New Year.
Titles advisers use to play a bigger role in fiduciary regulation
Even opponents of the DOL rule appear to be zeroing in on titles that cause confusion with the investing public.
Congressman introducing bill delaying DOL fiduciary rule
The bill would delay the fiduciary rule's implementation two years from the time the legislation is enacted.
J.C. Penney agrees to pay $4.5 million to settle 401(k) suit
Plaintiffs had alleged company was imprudent in continuing to offer company stock as an investment option after it had declined in value.
SEC clarifies how funds should disclose fee changes to comply with DOL fiduciary rule
The agency's Division of Investment Management provides guidance on how to communicate changes to sales loads that level compensation for brokers.
Cambridge, Cetera will continue to pay commissions on IRAs under DOL fiduciary rule
Two large independent broker-dealers are latest to retain commission structure. (More: B-Ds split on commissions in wake of DOL rule)
Cetera broker-dealer hit with $1.1 million in fines and restitution over sales of unit investment trusts
Investors Capital is in the process of closing down and moving its advisers to another Cetera firm.
Prudential, Captrust win 401(k) fiduciary breach lawsuit
The judge dismissed claims of fiduciary breach under ERISA, largely falling in line with judgments from similar cases.
Office of Management and Budget reviewing proposed exemption under DOL fiduciary rule for some indexed annuity distributors
Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
Jay Clayton, SEC chairman nominee, likely to shift focus away from rulemaking, enforcement
Jay Clayton, who specializes in securities transactions at law firm Sullivan & Cromwell, would likely serve as a "capital-raising facilitator dealmaker," according to a former senior enforcement counsel in the SEC Miami office.
Finra slaps 12 firms with $14.4 million fine for cybersecurity issues
Companies affiliated with Wells Fargo & Co. received the largest of the penalties assessed by the regulator, which has been pursuing a broader crackdown for cybersecurity failures.
Finra slaps Allstate Financial with $1 million fine for array of fumbles
The regulator cited a broad breakdown with the firm's failures to supervise client and adviser information.
Brace for thousands of new DOL fiduciary-friendly mutual fund share classes
New T shares would feature a uniform 2.5% front-end load and a 0.25% trailing 12-b(1) fee.
Outlook for 2017 retirement plan litigation
Copycat lawsuits targeting 403(b) plans, as well as litigation probing a fiduciary's duty to monitor investments, the DOL fiduciary rule, church retirement plans and cybersecurity issues are likely to crop up this year.
Debra Wong Yang top contender to head SEC under Trump
Ms. Yang would be the second consecutive former federal prosecutor to lead the regulator, and, like current chairwoman Mary Jo White, would likely focus more on enforcement than policy making.
More than 1/4 of financial advisers plan to exit industry or merge firms: survey
Financial advisers are feeling heightened pressure from regulators and clients, Natixis finds.
Orion launches fee analyzer for DOL fiduciary rule
Benchmarking tool will help advisers show reasonable compensation, firm says.
Bills to expand accredited-investor pool, reform retirement savings, protect seniors poised to return in 2017
Bills to expand the pool of investors eligible to buy unregistered securities, make it easier to put annuities in 401(k)s and stop a Treasury Department rule changing estate valuations are likely to be revived.
Wells Fargo Advisors to pony up $35.5M in race discrimination, class action settlement
The group of six brokers are joined by 325 confirmed African American brokers or trainees at the firm. There could be another potential 200 class members.
