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7 reasons why financial stewardship is more valuable than a fiduciary standard
Could financial stewardship be used as a higher professional standard of care by advisers?
Massachusetts regulator William Galvin charges Securities America over ‘bait and switch’ ads targeting elderly
Massachusetts' top securities cop has charged the firm with failure to supervise a broker who allegedly used deceptive advertising on his radio show, exploiting the dangers of Alzheimer's to gain access to elderly clients.
SEC sued for using its own judges
Investment firm seeks to block action as Dodd-Frank ripple effect seen giving SEC the edge.
Goldman’s Donohue heading back to SEC to become White’s chief of staff
Veteran returns from Wall Street to the agency where he previously served as head of investment management, could assist with considerations around fiduciary standard.
LPL Financial fined $11.7 million for ‘widespread supervisory failures’
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
The toughest job in financial advice: Teaching economics to a presidential contender
Breakfast with Benjamin: Teaching economics to a presidential contender isn't easy. Unless the economic advisers agree with the preconceived views of the candidates, the relationship can be testy and useless.
Tipster who ate Post-it Notes in Grand Central avoids fine in insider-trading case
In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.
SEC appeals own judge’s decision in case on custodians’ payments to advisers for fund picks
The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of not informing clients they were paid by Fidelity Investments to sell certain mutual funds.
What a Jeb Bush presidency would mean for advisers
Financial planners are mixed on the presidential contender, citing his fiscal and social conservatism.
Real estate crowdfunding trend presents new challenges, opportunities for financial advisers
The proliferation of digital platforms puts added emphasis on due diligence.
Three reform initiatives that Finra should embrace
Accountability, exams and disclosures on the agenda of candidate for SRO's midsize-firm board seat.
Support grows for strengthening variable annuity disclosures
A so-called summary prospectus would provide information about the risks, costs and benefits of the complicated products in a streamlined manner.
Citi to pay $180 million for hedge fund sales linked to Smith Barney
Citigroup has agreed to pay $180 million to settle charges tied to two hedge funds the SEC said were improperly marketed and sold by private bankers and Smith Barney brokers.
Finra board candidate claims examiners are out of touch
Finra examiners should adhere to a code of conduct when reviewing member firms, Stephen Kohn, a candidate for the SRO's small-firm board seat, asserts. (Don't miss: How to make Finra work: Kovack)
Wells Fargo faces major test of broker liability for selling F-Squared
A 68-year-old widower claims wirehouse did insufficient due diligence on the troubled money manager.
How to clarify the murky regulations governing IRA rollovers
DOL should craft an exemption for when a fiduciary retirement plan adviser is called on to assist with a rollover decision
Plucky candidates seek Finra board seats
Three contenders had to work way onto ballot, want reform in exams and arbitration
Banks are cutting broker-dealer units from their ‘living wills’
Breakfast with Benjamin: The nation's biggest banks, like JPMorgan Chase, are lumping their broker-dealer units in with other 'non-essential' operations.
Vanguard’s new ambassador to advisers: We’ve earned your trust
Thomas M. Rampulla's return to the U.S. comes after the firm recast itself as a patron of an industry that once saw it as a threat.
Judge denies SEC’s motion to dismiss case over in-house panels
U.S. District Judge Richard Berman ruled Monday that a legal challenge to the SEC's handling of enforcement cases through administrative proceedings will be allowed to proceed
