Displaying 10201 results
Royal Alliance to pay $1.4 million over nontraded REIT, VA sales
Award is tied to string of cases brought by retirees who said a broker placed them in unsuitable investments.
Ex-NFL player left out in the cold after $2 million award
A former Green Bay Packers starter is unlikely to recoup funds lost from Resource Horizons, a firm that's already racked up more than $4 million in unpaid damages. (More: 7 famous athletes who claimed they were duped by advisers)
Lawmakers consider lower tax rate for intellectual property housed in the U.S.
The idea — known as a patent box or innovation box — would help companies trying to maintain low tax rates they've achieved by booking income in overseas tax havens.
DOL fiduciary proposal feels heat as more industry players pile on
Great-West CEO Reynolds, Chamber of Commerce warn rule will hurt investors, advisers.
SEC warns advisers about outsourcing compliance
Exams have shown that outside compliance officers sometimes are left in the dark about firms' business practices and cannot articulate their risks.
The best rules for business, investors come from regulators’ working with industry
FSI's interaction with Finra over its BrokerCheck rule making is a case in point.
Labor Department’s fiduciary proposal is unworkable
Proposed rule represents a fundamentally flawed rethinking of the way that retirement advice, products and services are delivered to investors, and would have profound negative consequences for registered reps and RIAs.
SEC member Stein calls for scrutiny of alternative mutual funds and ETFs
Kara Stein says mutual funds and ETFs that use complex, illiquid strategies 'operate in a gray area'
It’s time for financial planners to find our voice
FPA's 2015 president says too many advisers are silent on vital issues that affect their and their clients' livelihoods.
Live Nation subsidiary that represented Mike Tyson charged with fraud by SEC
The regulator claims unit's former president took $670,000 in client funds for personal use
DOL extends comment period on fiduciary duty proposal
Pressure from the financial industry and lawmakers pushed Labor Secretary Thomas Perez to give more time for comments on the agency's fiduciary-duty proposal, but the extension is far short of what the groups wanted.
Interactive Brokers ordered to pay $1.2 million arbitration award
In rare dissent, one arbitrator says other Finra panelists were swayed by sympathy, not the law.
NBA star Tim Duncan sues his financial adviser
Joining long list of pro athletes taken to cleaners by their adviser, all-star basketball player claims was pushed into investments that led to 'substantial loss.'
MetLife files suit to fight ‘too big to fail’ status
Breakfast with Benjamin: The firm files suit against the Financial Stability Oversight Council, charging them with acting as 'judge, jury and executioner.'
What a Hillary Clinton presidency would mean for financial advisers
With talk she'll announce her candidacy this weekend, questions arise about Ms. Clinton's take on fiduciary standards in advice, and what her tax policies and SEC budget would look like.
Finra files complaint against broker for trying to inherit $1.8M from client with Alzheimer’s
John Waszolek allegedly took advantage of the client's lack of capacity to be named beneficiary of her estate, Finra said.
RIAs join brokers in promoting securities-backed lending
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
SEC fiduciary push gives momentum to third-party exams
SEC Chairwoman Mary Jo White jump-started a controversial move to expand the agency's coverage of registered investment advisers: farming out exams to the private sector.
Latest Obamacare ruling could spark a sell-off in health care sector stocks
Sudden volatility could create short-term buying opportunity.
SEC reveals general outlines of how it decides where to try enforcement cases
But guidance on using in-house judges versus federal court falls short, lawyers say.
