Other companies, including TIAA and New York Life, settled self-dealing suits for millions of dollars in 2017.
The SEC likely will adopt the DOL's definition of fiduciary, and put a rule in place by the end of 2019.
Senior reporter Mark Schoeff Jr. speaks with Investment Adviser Association CEO Karen Barr about what's to come now that the SEC has a full commission, including how the agency might proceed on its fiduciary rule.
Independent advisers and investment clients fared much better than the DOL rule and robo platforms.
The tax-advantaged retirement vehicle has grown in popularity among advisers and clients, despite obstacles.
Tyrone Pang was terminated for accepting a customer's check made payable to himself for an insurance premium payment.
Pay attention to new rules for the "individual mandate" requirement and the medical expense deduction floor.
Fraudulent posts criticize the DOL fiduciary rule, and other groups overseeing advisers are similarly vulnerable.
Cerulli says 'concern for fiduciary alignment' will color product selection.
Finra says the bank's ratings system was riddled with errors and cost clients money.
The proposal is a worthy effort that needs tweaking, so weigh in during the Jan. 2 to Feb. 2 comment period.
Leon LaBrecque, managing partner at LJPR Financial Advisors, offers guidance on Washington's major overhaul.
Advisers say to accelerate deductions, if the client's county allows prepayment and the client can afford it.
Failure to supervise rep's efforts to woo elderly costs firm $125,000 in Massachusetts.
State would require products best suited for clients to be sold over those most profitable to sellers.
Finra says Bear Stearns' flawed system led to securities segregation issues
John James informed the regulator that he would not give testimony during its investigation into Merrill's allegations.
The bill slashes the corporate tax rate to 21% from 35% and cuts individual tax rates across the board.
SEC and Finra say firm failed to implement reasonable anti-money laundering procedures.
Organization showcases support from pro-fiduciary consumer groups, but not everyone is on board.
