Regulation And Legislation

Displaying 10526 results
RETIREMENT PLANNING JUN 23, 2017
Finra awards $440,000 in case against Ameriprise

All-public arbitration panel says firm breached fiduciary duty.

By InvestmentNews
WIREHOUSES JUN 22, 2017
Finra fines Wells Fargo $3.25 million for options trade reporting violations

Firm censured for inaccuracies and errors in OTC options reports from 2008 through this year.

By InvestmentNews
REGULATION AND LEGISLATION JUN 22, 2017
SEC Chairman Jay Clayton says agency initiatives would help investors research advisers' backgrounds

He doesn't provide details, but says that he shares SEC Investor Advisory Committee's desire to help older investors know their advisers

By Mark Schoeff Jr.
RETIREMENT PLANNING JUN 22, 2017
Voya's win in 401(k) fee suit involving Financial Engines bodes well for other record keepers

Fidelity, Aon Hewitt and Xerox HR Solutions are currently defending against similar fiduciary-breach claims.

By Greg Iacurci
RETIREMENT PLANNING JUN 22, 2017
DOL rule poses problems for advisers' daily routines

Workflow changes are a big challenge of the fiduciary rule, says Aite report

By InvestmentNews
REGULATION AND LEGISLATION JUN 21, 2017
Finra engages in rulemaking by enforcement: financial industry groups

FSI and SIFMA criticize broker-dealer regulator for creating standards based on settlements.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUN 21, 2017
Market forces could cause fundamental changes to small and midsize 401(k) markets

The Labor Department's fiduciary rule and pending MEP legislation may drastically reduce entrenched inefficiencies at the smaller end of the retirement market.

By Fred Barstein
OPINION JUN 21, 2017
Time for Finra to pull back the curtain on its oversight and board

The regulator undercuts its investor-protection mission by obscuring the most dangerous firms it oversees.

By Benjamin P. Edwards
REGULATION AND LEGISLATION JUN 20, 2017
CFPs, including brokers, may have to adhere to a stricter fiduciary duty

CFP Board revises its standards and aims to beef up fiduciary requirements of certificants.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION JUN 20, 2017
Paul Ryan reiterates goal to kill estate tax, maintain retirement-savings incentives

House Speaker aims to ease doubts about likelihood of major tax overhaul.

By Bloomberg
REGULATION AND LEGISLATION JUN 20, 2017
CFP Board's proposal to expand fiduciary duty draws praise, carries risks

Some question whether brokers will drop the CFP mark or if the CFP Board will strictly enforce its new standard.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUN 20, 2017
Putnam, Fidelity win respective 401(k) lawsuits

The legal victories come as asset managers are under fire for their dealings with retirement plans.

By Greg Iacurci
ALTERNATIVES JUN 20, 2017
Brian Block trial witness says Nicholas Schorsch had hand in cooking the books at ARCP

Lisa McAlister, former chief accounting officer at the REIT once controlled by Nicholas Schorsch, said Mr. Schorsch instructed Mr. Block to commit accounting fraud in a particular financial line item.

By Greg Iacurci
REGULATION AND LEGISLATION JUN 20, 2017
The case for a single fiduciary standard based on the Investment Advisers Act of 1940

A single standard would both protect investors and simplify regulation.

By Bloomberg
RETIREMENT PLANNING JUN 19, 2017
Grad students could fund IRAs with stipends under Senate bill

The bipartisan legislation aims to encourage saving by fixing a wrinkle in existing law.

By Bloomberg
REGULATION AND LEGISLATION JUN 17, 2017
ARCP's accounting takes center stage at Brian Block's fraud trial

Former exec says he repeatedly warned of accounting mistakes in REIT financials

By Bruce Kelly
REGULATION AND LEGISLATION JUN 16, 2017
New Nevada law imposes fiduciary duty on brokers

The measure, effective July 1, requires advisers to disclose any "profit or commission" they receive and make a "diligent inquiry" about a client's financial condition and goals.

By Mark Schoeff Jr.
ALTERNATIVES JUN 15, 2017
Accounting at ARCP center of fraud charges against Brian Block

A former high-ranking executive testified that he repeatedly raised warnings of an accounting error at the real estate investment trust.

By Bruce Kelly
REGULATION AND LEGISLATION JUN 15, 2017
Former Treasury Secretary Jack Lew: DOL fiduciary rule has 'important purpose'

Mr. Lew, who served under the Obama administration from 2013 through the start of 2017, acknowledged the rule has "unintended consequences."

By Jeff Benjamin
RETIREMENT PLANNING JUN 15, 2017
Capital Group, the sponsor of American Funds, sued for self-dealing in its 401(k) plan

The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.

By Greg Iacurci