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Lawsuit against DOL fiduciary rule could delay implementation indefinitely
The lawsuit may push the rule to the next presidential administration, which could ultimately kill the rule.
Digital advice is poised to become the apple of asset managers’ eyes
DOL's rule accelerates an opportunity for these firms to wrap products into advice-driven online platforms.
Lynn Tilton’s challenge to SEC hearings rejected by appeals court
Fund manager sued last year over allegedly mismarking loans.
Err on the side of caution with DOL fiduciary rule, Phyllis Borzi advises
New regulation has broad reach, so when in doubt, use the best interest contract exemption, assistant secretary says.
Excessive-fee suit targeting $9 million 401(k) plan could be ‘harbinger’ for industry
Lawsuit is perhaps the first example targeting small retirement plans.
Massachusetts investment adviser Gregg Caplitz sentenced to prison for fraud, SEC says
He pitched a fictitious hedge fund to investors and used their money for his personal benefit
Raymond James’ $17M fine over anti-money-laundering failures should be a wake-up call
In the wake of Raymond James' $17M fine, it's time advisers take regulators' focus on this issue seriously, as rules are only going to get stricter.
Returns are big, but the jury is still out on lawsuit investing
In addition to risks and returns, advisers need to worry about moral and ethical issues
Barred broker Claus Foerster indicted for fraud
Indictment alleges clients were defrauded over a 14-year period.
CFP Board disciplines mark holders over outside business activities, bankruptcies
The 10 cases brought by the organization also include loans to clients, falsifying standing as a CPA and inappropriate investment advice.
5 steps for independent advisers considering a broker-dealer transition in a post-DOL environment
Many advisers dissatisfied with their current broker-dealer and anxious about how well they are positioned in a post-DOL landscape are still hesitant to make a move.
Don’t let the DOL fiduciary rule’s grandfathering provision trip you up
It's difficult to count on the grandfathering exemption if advisers plan to make ongoing recommendations in an acccount.
Tweaks to final DOL fiduciary rule help ease implementation without sacrificing core principles
Significant changes to the rule address practical impediments, proving DOL good on its word.
Texas securities regulator fines N.J. firm $50,000 for broker’s misconduct
State claims former broker overloaded his clients with energy stocks.
Lawsuit challenging DOL fiduciary rule to be filed Thursday: source
U.S. Chamber of Commerce, SIFMA, FSI, IRI and the Financial Services Roundtable are lining up against the controversial rule. The suit may be filed as early as Thursday.
Fiduciary standard for CFPs could be raised, leaders say
But some fee-only advisers say CFP Board should admit that mark holders who receive commissions have conflicts with the best-interest standard.
The Fiduciary Journey
The assistant Labor Secretary used her moxie, her might and her friends in high places to raise the standards for providing retirement advice. (More: The fiduciary rule covered from every angle)
Finra bars broker James Van Doren for money laundering scheme
Asserts he accepted $244,000 from a friend to help him conceal assets that creditors sought to claim.
Smoking out the right way to invest in the marijuana movement
Advisers keeping their distance from high-flying pot stocks.
Finra panel orders Morgan Stanley to pay $34 million to estate of former Home Shopping Network chief
A Finra arbitration panel sided with the estate of Roy M. Speer, the co-founder of the Home Shopping Network, saying the brokerage churned his account and violated a law against exploitation of vulnerable adults.
