Displaying 10201 results
Advisers may drop lower- and middle-income clients due to DOL fiduciary rule: NAIFA survey
The Department of Labor’s fiduciary rule may cause over half of the retirement financial advisers to give up…
Financial industry rhetoric riles DOL officials
Firms may be losing the battle against the Labor Department's fiduciary rule for retirement advice, but they are still framing the debate around it — to the agency's chagrin.
SEC charges duo in defrauding seniors and others in $20 million penny-stock scam
Former head of two microcaps worked with boiler room operator whose agents pressured investors and promised them lucrative profits.
Insurers cite broker-dealer annuity requirements as ‘big issue’ under DOL fiduciary rule
B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
Brokerages walking away from arbitration awards
Finra has been unable to find a way to ensure investors get paid what they are owed.
SEC’s courts still appear biased
Earlier this month, the U.S Court of Appeals upheld a Securities and Exchange Commission ruling against Raymond Lucia…
Federal court denies Ray ‘Buckets of Money’ Lucia’s appeal to SEC ban
The adviser and radio show host had challenged the right of the SEC to use administrative law judges to hear cases such as his.
Barred ‘Buckets of Money’ radio host adviser gets boost from split SEC
Investment adviser and talk radio host Ray Lucia Sr., whom the SEC had fined and barred from the industry for allegedly misrepresenting a retirement investment strategy may have received a boost in the form of a split decision on his appeal.
Hillary Clinton vs. Donald Trump: Who are you voting against?
In many cases, financial advisers feel more strongly about keeping a candidate out of the White House than voting one in.
Evaluating target-date funds through the prism of the DOL fiduciary rule
New regulatory environment calls for a more holistic evaluation process.
Morgan Stanley: DOL fiduciary rule turns brokerage business into a buy
Plus: Trump would dump Yellen, bracing for the next housing bubble, and 401(k) realities that should not be ignored
Fees fell by as much as 10% last year in investment advisory services
The DOL fiduciary rule and competition from robo-advisers will continue to result in pricing pressure.
SEC should refrain from branding advisers as fraudsters over poor continuity planning
Kudos to the Securities and Exchange Commission for shining a spotlight on the importance of succession planning by…
Finra’s arbitration process: Challenging the system to find the right answers
The Financial Services Institute is pleased to see the regulator putting forward a broad-ranging slate of common-sense improvements, writes FSI CEO Dale Brown.
Republican lawmakers attempt to stop estate-tax regulation
Introduction of bill to kill Treasury's rule curbing tax-planning strategies comes as Hillary Clinton announces an increase to her top estate-tax rate.
Legislation supporting multiple employer plans could become reality by year-end
The retirement industry has increasingly called for open MEPs as a way to close the coverage gap in the private sector, and recent congressional moves make them a strong likelihood.
Senate committee unanimously approves bill to ease use of annuities in 401(k) plans
Legislation also would require defined-contribution plans to make lifetime income disclosures, and allow small employers to combine plans.
DOL fiduciary rule to cost the securities industry $11B by 2020: study
Independent broker-dealers expected to be hardest hit, with a 22% loss in revenue.
Selling annuities under the DOL fiduciary rule is a whole new ballgame
Selection process will be like a suitability standard on steroids, requiring an analysis like those done by a financial planner.
Opponents of DOL fiduciary rule hurt by Wells Fargo woes
A financial scandal showing harm to the unsuspecting public — even if conducted outside the advice industry — will live on in the minds of voters and politicians.
