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SEC hot-button topics that advisers need to know about
Priorities include business continuity plans, cybersecurity and fee disclosure.
Indexed annuity sales projected to plummet 30% because of DOL fiduciary rule
Sales are estimated to fall to $40 billion next year, a level not seen since 2013. The drop would put an end to the products' nearly decade-long surge in growth.
Cetera, plan sponsor sued for excessive fees in $25 million 401(k)
In an unusual move, an indie B-D has been named a co-defendant in a suit that could be a sign of more legal fights for small plans.
Independent broker-dealers suffer worst year since credit crisis
Coming off a gloomy 2015 of weak revenue growth, the forecast for this year is for more of the same.
Caldwell International Securities will pay $2 million in settlement over churning, Finra says
Founder Greg Caldwell is barred from the brokerage industry.
Finra launches exam sweep of business development companies
Regulator: "There is concern that retail customers may not fully understand the risks and the potential impact on their portfolios."
Despite lawsuits, DOL is working with advisers to help implement fiduciary rule
Despite battling several lawsuits designed to eliminate a recently approved investment-advice regulation for retirement accounts, the Labor Department…
The SEC bars Logos Wealth Advisors founder, fund manager for fraudulently raising money
Paul Mata gave presentations to church groups promising “Finances God's Way,” the SEC said.
SEC says 71 municipal borrowers lied about disclosure histories
Agency reaches settlements with issuers, doesn't access fines.
California poised to pass state retirement savings law
Within days, the governor of America's largest state is expected to provide access to nearly 7 million people without a retirement plan through the workplace.
Edward Jones faces proposed class action lawsuit over excessive 401(k) fees
The lawsuit continues a barrage of litigation filed in recent weeks related to fiduciary breaches in retirement plans.
Why broker-dealers and financial advisers should be required to carry insurance
Finra does not require its members to carry insurance, which lets big risks to investors materialize.
DOL fiduciary rule gets it half right on the municipal bond market
Shrinking the pool of muni sellers does not help investors
Gender diversity becomes an investment strategy
Breakfast with Benjamin In the wake of the March launch of the SPDR SSGA Gender Diversity Index ETF (SHE), out rolls the Bloomberg Financial Services Gender Equity Index.
Finra wants to raise the annual gift limit
Brokerage representatives will be able to breathe a little easier when they're buying gift baskets for fellow professionals during the next holiday season.
ETF providers scramble to put Aug. 24 ‘flash crash’ in rearview mirror
One-year anniversary shows lots of effort to calm nerves, rebuild investor trust.
Independent researchers seen easing DOL fiduciary burden for brokers
Broker-dealers may take cue from Wall Street maneuvers as regulatory pressure builds.
DOL rule bad for fund company profits
Trend toward low-cost passive mutual funds will reduce margins.
Finra fines UBS $250,000 for overcharging mutual-fund customers
The firm allegedly failed to provide about 2,700 customers waivers tied to upfront sale charges
Custodians help advisers navigate DOL fiduciary rule
Custodians have morphed into consultants for registered investment advisory firms, navigating them through an increasingly complex regulatory…
