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Golfer Phil Mickelson profited almost $1M in Dean Foods insider-trading case: SEC
The three-time Masters champion hasn't been accused of wrongdoing, but is named in the complaint involving Dean Foods Co. and gambler William “Billy” Walters.
SEC charges four with free-dinner scheme in Florida that fraudulently targeted the elderly
A large portion of the money raised was never invested, the SEC alleged.
Is the Fed’s latest decision to leave rates unchanged truly dovish?
Neutral is a closer reading, since it has something for everyone — and a change could come quickly.
Hedge funds face their Uber moment
Breakfast with Benjamin Expensive and exclusive is no longer enough to automatically attract investors to hedge funds.
Broker-dealers could see higher share of fixed indexed annuity sales thanks to DOL fiduciary rule
Selling through independent insurance agents, currently the largest distribution channel for FIAs, will expose insurers to more liability than they may care for.
7 actions to demonstrate compliance following the DOL fiduciary rule
These moves will help structure your firm to meet Department of Labor's conflict-of-interest regulations.
One unintended consequence of DOL fiduciary rule
The Labor Department's new rule may ultimately pave the way for millennials to secure a foothold in the financial advice business.
Don’t dismiss Donald Trump’s appeal, says longtime political writer Mark Halperin
Analyst tells advisers that the Republican frontrunner is the second-best presidential campaigner he's ever seen run, trumped only by this president.
Valuable ways to have the fiduciary conversation with clients
The Department of Labor's new rule creates an opportunity to have some great conversations.
LendingClub is turning out to be anything but a ‘direct’ lender
In May of last year, Renaud Laplanche, the head of a fast-growing fintech company that had five months…
House Democrats call for mandatory auto-enroll retirement plans at federal contractors
Congress members tell Obama such an executive order would help some of the nearly half of U.S. workers who don't have access to a retirement program on the job.
Insurance groups opposed to DOL fiduciary rule step up campaign spending
The insurance and brokerage industries have shelled out many more dollars for congressional campaigns and lobbying than investment adviser organizations.
The DOL fiduciary rule’s effect on small broker-dealers
The rule opens the door to future customer litigation and opportunity for regulators to impose sanctions or fines on smaller broker-dealers.
Ameriprise may add advisers as DOL fiduciary rule squeezes rivals
The firm's CEO sees opportunities in the looming disruption. (Fiduciary Focus: Follow the latest news and developments on the DOL rule change)
Oppenheimer, other funds cling to Puerto Rico municipal bond debt as possible default looms
A $2 billion payment is due July 1 and funds still have big chunks of the bonds in their portfolios.
Market turmoil hurts revenue at Morgan Stanley wealth unit
CEO James Gorman says DOL's fiduciary rule isn't "the be-all and end-all" for the bank's brokerage business.
What is ‘reasonable’ cost under DOL’s fiduciary rule? Well, it depends
Inherent to acting in a client's best interest is ensuring costs are reasonable, an ERISA concept brokers need to understand.
Variable and fixed-indexed annuities feel sting of DOL fiduciary rule
Fixed indexed annuities lost a favorable exemption they enjoyed under the proposed rule, and the impact on variable annuities likely won't be much changed from original forecasts.
Post-DOL fiduciary rule, Schwab dumps load funds as advisers yawn
The move is another sign that the days of high-cost funds are numbered, and that the Department of Labor's new rule is speeding that decline.
Bright side of the new DOL fiduciary rule: Tech and efficiency
The rule is likely to unleash a wave of software upgrades and business relationships that will result in greater efficiencies for advisory firms.
