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Education, training programs crop up as DOL fiduciary rule looms
Some broker-dealers and RIAs are turning to third parties to begin the tough task of educating advisers on the new regulation. (Plus, find the answers to all of your questions on the fiduciary rule.)
DOL official downplays advisers’ lawsuit fears stemming from fiduciary rule
Deputy assistant secretary Timothy Hauser also says liability exposure is relative to portfolio size, so regulation shouldn't prevent serving clients with modest assets.
Finra bars broker who was named to inherit 91-year-old customer’s waterfront condo
Douglas Wayne Studer agreed to be barred from the securities industry.
The race for lower fees shines a light on smart beta
Hybrid strategy between active management and index funds needs to perform and be cheap.
In unusual upset of an incumbent, Finra board elects new small-seat representative
Robert Muh prevailed over four candidates vying for the position, including the governor running for reelection, Robert Keenan.
Alan Greenspan is committed to ending Dodd-Frank
Plus: T. Boone Pickens takes on President Obama's energy policy, how traders navigated the Fed, and starting your day off right
Deutsche Bank’s shares, bonds decline after rebuffing Justice Department’s $14 billion probe claim
Deutsche Bank AG’s shares and its riskiest bonds dropped the most since the Brexit vote after the lender…
Advisers reveal cyber insecurities at FPA conference
Most don't expect they could pass a hacking-preparedness test if the SEC came knocking, or even know all the compliance factors they are responsible for, according to a new Financial Planning Association study.
Nontraded REIT sales fall off a cliff as industry struggles to adapt
Adapting to regulatory changes has been a struggle, meaning the nontraded REIT industry's worst fears have come true.
Take 5: New NASAA leader Mike Rothman emphasizes collaboration, data analytics
Increasing collaboration is at the top of the agenda for the new president of the North American Securities Administrators Association.
Voya targeted in 401(k) fee suit hinging on relationship with Financial Engines
Voya allegedly took a "substantial portion" of the fee charged for investment advice, even though Financial Engines did the bulk of the work.
Why you should still be worried about big-bank failures
Plus: The case for active management, hedge fund ETFs, and debunking some money myths
State Farm, citing DOL fiduciary rule, cuts agents from mutual fund and variable annuity sales
The insurer, which is moving to a "self-directed call center" approach for certain investment products, is among the few companies which has publicized plans for compliance with the DOL rule.
Stifel claws back $440,000 as brokers struggle to win Finra arbitration
Brokerage firms tend to win disputes over promissory notes.
State regulators say brokers must step up prevention of elder financial abuse
Coordinated exams in 20 states reveal need to improve policies, procedures to protect seniors.
SEC Chairwoman Mary Jo White says agency mulling fiduciary duty
Staff recommendations on a potential rule to raise retail investment advice standards are being considered by commissioners, but a proposal is not imminent.
Sheila Bair takes on the ‘crisis’ of student loan debt
Plus: Deutsche Bank selloff linked to Obama administration leaks, knowing your active commodity ETF, and the real cost of “free”
Some penalties, while brutal, are fair
If the firms decided to take shortcuts — and in the recent F-Squared case it seems like they did — they should be held accountable.
To be a fiduciary, invest like one
The industry fails investors by clutching to a long-gone past, rather than moving forward by offering proven, updated investment approaches offered to large institutions.
Provision to kill DOL fiduciary rule included in new bill to replace Dodd-Frank
Measure also contains requirement for SEC to conduct 'rigorous' cost-benefit analysis before proposing its own fiduciary-advice rule.
