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How far-reaching is the DOL fiduciary rule?
The blurred line between retirement and non-retirement advice means advisers must be very careful when providing any financial services.
How to protect yourself from bad clients
In today's regulatory environment, every adviser is guilty until proven innocent.
Top Cambridge advisers bolt in wake of private partnership dispute
A side firm has brought a Finra arbitration claim against five of the advisers, who have filed a counterclaim in federal court.
Donald Trump in Detroit speech offers revised tax plan and curb on regulations
The Republican nominee is trying to reset his presidential campaign after a string of missteps.
Camardas want documents unsealed for appeal of fee-only case against CFP Board
A hearing is set for Wednesday; the adviser couple says the documents show the organization singled them out for discipline in use of compensation label.
Even popular changes to DOL fiduciary rule are proving problematic
Revised revenue allowances and other adjustments, originally praised by advisers, are turning out to be less advantageous than expected.
Emory University sued in latest fiduciary-breach suit
The lawsuit alleges the university and a university-affiliated health system breached their fiduciary duties by causing participants in their 403(b) plans to pay excessive fees.
SEC charges San Francisco adviser with stealing money from client
Nicholas Mitsakos and Matrix Capital Markets pretended to manage millions, SEC alleges.
Harmonizing multiple fiduciary standards should be priority
Regulators should coordinate these different standards as soon as possible to minimize confusion for investors.
Finra panel directs broker to pay Wells Fargo almost $1 million after his termination
Robert Edward Loftus was discharged in 2013 and found in breach of a promissory note
Active ETFs produce few stars and even fewer fans
Mutual fund firms move defensively toward active ETFs.
DOL fiduciary rule’s unintended consequence: higher fees for investors
As broker-dealers move toward uniform commissions to comply with Labor Department rule, investors could end up paying higher prices than in an unregulated environment. (More: The DOL rule from all angles)
DOL issues final rule to help states establish workplace retirement savings programs
State plans would not be subject to ERISA, which some in the industry fear will give them a leg up on private plans.
Finra bars former Independent Financial Group broker for failing to disclose trading accounts
Brian James Egan agreed to be barred from the brokerage industry.
Finra fines Cetera $75,000 for records snafu
Brokerage firm failed to notify customers of changes in their account records as a result of a computer coding error, regulator claims.
Advisory group recommends SEC expand pool of accredited investors
Agency's Advisory Committee on Small and Emerging Companies wants people with a Series 7, 65 or 82, or a CFA, to be eligible to buy unregistered securities.
SEC fines advisory firm $300K for failing to disclose fees beyond ‘wrap’ charges
Case follows the SEC making wrap accounts an examination priority this year; agency is looking at whether advisers are acting in clients' best interests with these vehicles.
Two pro athletes win $819,000 arbitration award from Morgan Stanley
Ex-Morgan broker Aaron Parthemer put a pair of athletes in investments that later turned out to be worthless.
Trump as ‘supreme ruler’ and ‘attractive’? Advisers react to long, historic speech
Republican presidential candidate's acceptance speech to the RNC makes big promises but offers little specifics on how he would cut taxes or reform regulations.
Finra panel orders adviser to pay $333,000 to Morgan Stanley
Louis D. Dworsky was found in breach of promissory notes when he left the brokerage firm.
