Donna Jean Flemming failed to implement adequate AML program, regulator says
The SEC rule takes the existing regulatory regime for broker-dealers to an entirely new level and preserves choice for investors.
New regulations prohibit arrangements in which residents get state tax credit in exchange for charitable contributions.
Some observers say the language waters down the fiduciary standard, while others say the word choice is inconsequential.
The outcome could have big implications for 401(k) disclosures made to employees.
Mark Trewitt sold private fund that collapsed; Clair Crossland sold risky investments
Advisers think the law, which goes into effect July 1, will result in higher costs for investors.
If brokers are not dually registered as advisers but use the term, they could run into trouble under new rule.
The insurance industry is largely regulated by states, and enforcement varies state-by-state.
Codifying the idea of putting a client's best interest first into regulation is important.
CFP Board's updated code of ethics and standards goes live in October.
Jason Nelson refused to take part in annuity sale inquiry.
According to suit, Wells Fargo customers were "forced to pay for auto insurance they did not need or want."
The SEC warns broker-dealers against short-circuiting their analysis of a rollover by quickly concluding an IRA is in the investor's best interest because it has 'more investment options.'
Firms must establish disclosure, mitigation procedures for each line of business.
If the president follows through on threats to impose levies on imports from China and Mexico, middle-earning households could end up paying almost $4,000 more
AGW Capital Advisors doubles down on its fiduciary responsibility as a business development strategy
Reactions range from 'a major win' to 'a catastrophe.'
The industry has focused on compliance, often overlooking the fact that the supervision function has the same need to network and learn more about common practices
The compliance deadline for Reg BI for brokers is June 30, 2020.
