Displaying 10200 results
FBI raids offices of Texas REIT
United Development Funding IV's stock price has dropped 81% in the past two months after a hedge fund alleged it was operating like a Ponzi scheme
RIAs could be required to report suspected money laundering
Proposal from FinCEN would have investment advisers monitor and report questionable activity under the Bank Secrecy Act.
Former brokerage firm chief compliance officer charged with fraud
Faces both criminal and civil charges for allegedly funneling $500,000 of the $800,000 he allegedly scammed from investors to his brothers.
Fidelity sued by Delta 401(k) participants over alleged fiduciary breach
Claim alleges Fidelity 'wanted a piece of the action' when Financial Engines was hired to provide plan advice.
Momentous regulatory action requires adviser input to protect industry, investors
Schwab recently brought RIAs to Capitol Hill as part of the Investment Adviser Association's Lobbying Day to boost lawmakers' awareness of the profession.
Finra fines and suspends adviser for software misconduct involving 78-year-old client in variable annuity case
Ameriprise Financial Services rep altered and backdated client notes, the regulator said.
Wirehouses escape the worst of the DOL fiduciary rule
The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades. (More: The DOL fiduciary rule covered from every angle)
Finra approves larger public arbitrator list for cases
The board agreed to modest reforms to its arbitration system based on recommendations by a special task force set up to examine it.
Money market funds come under fire in spate of 401(k) suits
The suits allege that money market funds were imprudent investment choices given that their returns were lower than stable value funds.
Senator Susan Collins enlists state regulators to pass bill to strengthen senior financial protection
The legislation is based on a program in her home state of Maine, where 50 referrals have been made on suspected abuse within two years.
How advisers expect the DOL fiduciary rule will reshape the advice industry
Financial advisers are anticipating widespread changes in their industry as the Department of Labor’s fiduciary rule is phased…
Independent broker-dealer business model is an endangered species
In the new DOL fiduciary landscape, B-Ds can no longer be dependent on commissions.
Broker recruitment bonuses on DOL’s radar
Agency concerned about brokers who sell out client positions at old firm to generate commissions at new firm. (More: The fiduciary rule covered from every angle)
How to sell fixed indexed annuities in a DOL fiduciary environment
Advisers need to know what to consider when determining if the annuities are in a client's best interest.
Based on new Hensarling bill, GOP not keen on SEC fiduciary rule after all
While Republicans had insisted they opposed the DOL rule because they wanted the SEC to act first, a discussion draft to overhaul Dodd-Frank has requirements that would delay SEC action further.
Momentum Investment Partners fraudulently failed to disclose higher fees, SEC says
The firm, which did business as Avatar, moved clients into newly created, higher-priced mutual funds without disclosing it.
Former financial adviser faces possible 287-year prison sentence for robbing seniors
Breakfast with Benjamin Jean Walsh-Josephson is accused of taking more than $4 million from elderly clients.
Michael Bloomberg: Public policy changes needed to address income inequality
Changing economy and job market stem from greater use of technology, he says.
SEC says Pittsburgh financial adviser defrauded pro athletes
Louis Martin Blazer III took about $2.35 million from five clients to invest in movie projects in Ponzi-like fashion.
DOL fiduciary rule changes slow opponents, but threats still lurk
According to an InvestmentNews roundtable, legal challenges by financial-industry interest groups may still be on the horizon for the DOL fiduciary rule.
