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SEC to boost Finra oversight as self-regulator takes bigger role in broker exams
Agency to lean more heavily on Finra as SEC shifts some of its own resources toward registered investment advisers.
SEC takes steps to avoid Madoff sequel
The regulator must find a way to increase the productivity of its examiners
Advisers, new pensions have holes to fill
Clients need to be sold on the idea of saving for retirement, and needing advice on retirement investments
Finra orders Barclays Capital to pay $13.75M over mutual fund sales
The self-regulatory organization is continuing its recent push to hold broker-dealers accountable for the suitability of product sales.
Finra sanctions a dozen IBDs $6.7 million for breakpoint snafus
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
Finra fines six IBDs for failing to give discounts on large REIT sales
Fines, levied in July and August, top $500,000; Voya Financial takes biggest hit
Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs
The measures, which affect 401(k) and IRA limits and beneficiary withdrawals, have been proposed in previous budgets to no avail, but still worry financial industry groups.
Legislative efforts to stop DOL fiduciary rule destined to fail, ERISA attorney says
Flurry of legislative efforts to kill the controversial rule likely to fail, and the rule is a question of when, not if.
Advisers need to bone up on DOL fiduciary
Independent financial advisers should heed two upcoming rules that may require operational changes, as well as recognize the overall aggressive regulatory environment coming out of the SEC.
Senators introduce three bills to stop DOL fiduciary rule
While the House has been active considering similar legislation, this marks the first time the Senate is jumping into the fray.
Two bills to stop DOL fiduciary rule advance in House
The two bills would require Congress to approve the rule. Fight on a best-interests standard is now split straight down party lines.
Independent broker-dealers prepare for the reality of the DOL fiduciary rule
Independent broker-dealers are already girding for what they say will be the high costs and compliance complexities of…
DOL fiduciary rule could take $2.4 billion bite out of financial services industry
Implementing the standard on retirement accounts could reduce annual revenues by more than twice current estimates, according to a Morningstar report.
The short list of those who could succeed Ketchum at Finra
Experts think the top candidates will have SEC experience.
Finra restitution to investors triples to $96.2 million in 2015
Though fines dropped last year, experts think the regulator's revised sanctions guidelines will mean an upward trend in penalties as well.
Labor Department’s fiduciary rule survives challenge
A massive spending bill that will keep the government operating until next fall did not contain a provision…
Seniors a ‘bulls-eye’ for scams uncovered by the states
Advisers can help elderly clients avoid being a target, securities regulator says.
Druckenmiller backs Kasich as best bet to beat Hillary Clinton
'Kasich has been my favorite all along,' the billionaire money manager said.
Adviser groups, financial firms keep cash flowing to congressional candidates
Organizations that dominate lobbying expenditures also donate the most to political campaigns. Leading the charge are NAIFA and the ICI, while TD Ameritrade contributed just $9,000.
These days, running for president means talking tough about Wall Street reform
Breakfast with Benjamin These days, running for president means talking tough about Wall Street reform.
