Displaying 10217 results
Investors owed millions in arbitration awards getting stiffed, lawyer group says
PIABA wants Finra to create a national recovery pool funded by brokerages.
LPL eyes more fee-based variable annuities as fiduciary rule looms
Distribution of more variable annuities in an advisory rather than commission environment could play out as a result of Labor Department regulation.
SEC sues muni adviser for undisclosed fees under new rules
The U.S. Securities and Exchange Commission for the first time acted to enforce new rules placed on state and local government financial advisers, alleging that a Kansas firm breached its fiduciary duty by reaping undisclosed fees from the underwriter of its client's bond offerings.
Investment advisers becoming more frequent target of SEC enforcement
Agency brought 126 actions against more than 230 adviser or company defendants in 2015, about 15% of the total enforcement cases last year.
Perez tries to win over Democrats skeptical of DOL fiduciary rule
With the Labor Department's fiduciary rule closing in on finalization, some lawmakers still question potential costs of implementing the measure.
GL Capital Partners’ former CEO Daniel Thibeault sentenced to nine years in prison
Mr. Thibeault pled guilty to misappropriating around $15 million from the GL Beyond Income Fund.
SEC approves Finra broker-compensation rule
Rule requires transferring brokers to send an “educational communication” to clients they are trying to convince to make the move with them.
SEC creates new office to help oversee financial advisers
Unit will develop 'new tools and techniques' to strengthen risk analysis and surveillance.
Timing of DOL study on retirement savings draws rebuke from senators
Two top Republican senators claim the fiduciary rule is premature when the agency is still studying how Americans save.
What advisers can expect from an SEC exam
An exam can be demanding and time-consuming, but it will go smoother if you prepare for it in advance. (Plus: 10 tips to survive an SEC exam)
Regulators grapple with how a robo-adviser can be a fiduciary
Commissioner Kara Stein concedes agency is unsure how it will apply a best-interest standard to digital advice platforms.
Finra bars broker for selling risky alternative investments to elderly clients
The Financial Industry Regulatory Authority Inc. barred a Phoenix-based broker for making 12 unsuitable recommendations regarding debt instruments known as debentures.
Kocherlakota: If you’re over 65, you should love the Fed
If low interest rates have posed a challenge for seniors, why then have they done relatively well in terms of consumption and income?
Wells Fargo sued by SEC over bond sale for Curt Schilling
Bank and Rhode Island didn't disclose cash shortfall, SEC says
Confirmation quagmire mustn’t deter SEC
Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.
SEC director says assuming 10% of advisers are reviewed each year is wrong
Marc Wyatt, head of the agency's inspections arm, says his division analyzes data from many more to decide which to target.
Perez to lawmakers: I’ll walk you through changes to DOL fiduciary rule
Labor Secretary says its rule raising advice standards on retirement accounts is coming soon, and he will detail what was altered from the original proposal
SEC nominees to be vetted next week in Senate
Republican Hester Peirce and Democrat Lisa Fairfax would not likely shake up the status quo on the five-person panel.
Google searches for ‘fiduciary duty’ spike as pending DOL rule gets closer
Brokers and advisers are not the only ones looking for more information.
TD Ameritrade’s Nally: Rivals cast RIA marketplace as ‘Wild West’
TD Ameritrade Institutional President Tom Nally is urging financial advisers to help restore the industry's reputation with investors amid heightened regulatory scrutiny of the wealth management industry.
