Judge says barred broker was supplied false statements by boss, who had 'ultimate authority' over them.
Sen. Bob Corker, R-Tenn., said the White House is showing 'softness' when discussing how the tax cuts will be paid for, such as by repealing the state and local tax deduction.
Alabama securities director takes helm of state regulators' association for third time, and at age 64 he might still make time to ride his motorcycle.
The regulatory attorney and chairman of the Securities Practice Group gave a typically candid speech about SEC exams at the Raymond James Wealth Managers Conference.
The exam proposal would apply to 'low-risk' branch offices, while the public database proposal would more closely resemble the SEC's Form ADVs.
Recommendations to roll over retirement-plan assets, to transfer IRAs and advice generating additional payments like 12b-1 fees are trouble areas for RIA firms.
Agency forecasts it will inspect at least 14% of registered investment advisers in current fiscal year, up from 10% in recent years, but still below the 50% rate achieved by Finra for B-Ds.
Hurricane damage to island may complicate settlement of claims on munis and closed-end funds.
Legislation would allow brokerages to produce fund reports not classified as sales offers.
Plaintiffs allege GE breached fiduciary duties by selecting proprietary funds.
The regulator alleges the brokers recommended a pattern of high-cost frequent trading without telling clients that such a strategy was unlikely to produce profits.
A dichotomy in the tax treatment of retirement deferrals and business income could discourage creation, maintenance of plans by some pass-through entities.
New details of President Donald J. Trump's tax plan released Wednesday propose cutting the top individual rate to 35%, while leaving it to Congress whether to create another bracket for those with higher income.
An administrative law judge ruled in favor of Ms. Tilton over allegations that she and her firm, Patriarch Partners, bilked investors out of more than $200 million.
Legislation would establish a different best interest standard that would require brokers to disclose the compensation they receive and any conflicts of interest that are linked to investment products they sell.
Lower tax rates for pass-throughs would benefit business owners, including many of them, but details surrounding capital gains taxes and the AMT are vague or nonexistent.
Retirement-savings proponents remain vigilant in protecting deferrals as GOP releases tax-reform framework.
Barbara Waters oversaw administrators in firm's wealth management group.
Plaintiffs failed to show the 401(k) plan executives breached their fiduciary duties, according to the judge.
While Senate hearing focused on recent cyberbreach, SEC chairman highlighted fiduciary duty as 'a priority for me.'
