Says advisers working at a credit union misled investors on how they were paid
More than two hours of debate brings up old arguments from both Democrats and Republicans over whether rule will help or hurt the middle class.
A third-party review found that 200 clients from the New England state bought nontraded REITs that violated LPL's guidelines and are eligible for an average of $40,000 apiece.
Jesse Joseph Holovacko took $255,000 from client IRA claiming to buy bonds.
A similar measure is awaiting action on the Senate floor, where it is expected to pass.
Summit Equities sold 1,037 individual variable annuity contracts to its customers during the time period cited by Finra.
Financial services groups urge new SEC head to make uniform fiduciary standard a priority.
More than 100 House Republicans wrote a letter to the new DOL secretary, telling him there is an "urgent need' to act on the investment-advice regulation.
Mark J. Varacchi may have to return $3.95 million his firm allegedly stole from investors.
The problem lies in who gets defined as a rogue broker.
Democratic support could bode well for future legislative threats, as critics of the rule turn their attention to new Department of Labor secretary Alexander Acosta.
Mr. Block faces charges of conspiracy to commit securities fraud, securities fraud and making false filings with the Securities and Exchange Commission.
While getting Supreme Court Justice Neil Gorsuch confirmed was a major win, Mr. Trump has stumbled in many other important areas.
The proposed Financial CHOICE Act lays out a series of tough provisions the SEC would have to meet to adopt a uniform fiduciary standard.
Litigation over these agreements often favors the firm, but there are ways for advisers to protect their businesses.
In one example, Scott Allen Sibley allegedly exposed risk-averse retiree to naked options.
Ideas floated in the past include imposing a Canadian-style capital-gains tax at death in place of a federal estate tax, but the president hasn't offered additional details.
InvestmentNews survey shows that more than half disapprove of his job performance.
More than 200,000 inexperienced retirement plan advisers aren't going to exit the market overnight.
Senate approves Trump's nominee as DOL secretary, 60-38.
