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T. Rowe Price to pay out $194 million to shareholders in four mutual funds, other clients
Firm's moves stem from error it made in voting on the 2013 buyout of Dell.
DOL official cancels appearance at IRI following industry lawsuit
Deputy Assistant Secretary Timothy Hauser was scheduled to participate but abruptly backed out late last week, after the Insured Retirement Institute joined a lawsuit seeking to vacate the rule.
NAFA files second lawsuit against DOL fiduciary rule
The National Association for Fixed Annuities levies similar arguments to the initial suit, filed just one day earlier.
Lawsuit against DOL fiduciary rule seen as ‘weak’ by some observers
Although the Labor Department doesn't have enforcement authority over IRAs, it does have interpretive authority, observers say.
How software can help smooth the transition to fiduciary-rule compliance
If a firm's transition to the Best Interest Contract Exemption is done using paper contracts and disclosure forms, it could be costly, difficult and risky to manage.
Finra orders Oppenheimer & Co. to pay $2.9M for unsuitable sales of nontraditional ETFs
More than 30,000 non-traditional ETF transactions, totaling approximately $1.7 billion, were carried out by Oppenheimer representatives, according to the regulator.
Senators Elizabeth Warren and Mike Lee introduce bill to help graduate students save for retirement
Bipartisan legislation would make it possible for students to save funds from stipends or fellowships in an IRA.
Lawsuit could force delay to DOL fiduciary rule implementation
Experts weigh plaintiffs' likely arguments versus Labor Department's legal standing and odds in court.
Two sides of the DOL fiduciary rule’s ‘Best Interest Contract Exemption’ advisers must understand
There are two different versions in the exemption, each with respective limitations and benefits that advisers and their institutions must master.
DOL official: Agency will consider changes to fiduciary rule if problems arise
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
Reinforcing the culture of compliance, industry-wide
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
The Fiduciary Journey
As the room filled to capacity on April 6 with celebratory lawmakers and advocates awaiting the Labor…
Weeding out rogue brokers
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
Wall St. critic Warren grills Finra’s Ketchum on regulator’s ability to protect investors
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
Investors need to get smarter about their money post-DOL fiduciary rule: panel
To protect investors, holding financial advisers to higher standards may not be enough. Simply put, investors need…
Finra’s BrokerCheck link mandate for adviser websites effective today
Advisers and firms must clearly reference and link to regulator's search tool on their websites.
Fidelity 401(k) lawsuit could up ante for plan advisers
Advisers need to scrutinize any sort of markup on a platform they're recommending, making sure it is reasonable.
Perez, Norquist and others react to anti-DOL fiduciary rule lawsuit
Groups for and against the rule sound off on the latest development in the DOL's attempt to create a fiduciary standard for retirement advice.
Finra fines Raymond James a record $17 million for failures in anti-money laundering program
The penalty is the regulator's largest ever relating to anti-money laundering compliance.
Nine groups file lawsuit to strike down ‘capricious’ DOL fiduciary rule
The U.S. Chamber of Commerce, SIFMA, FSI, IRI, the Financial Services Roundtable and several Texas business groups joined a lawsuit to block the Labor Department's landmark fiduciary regulation. (Related read: The DOL fiduciary rule from all angles)
