Meanwhile, the Consumer Federation of America complains that the Trump administration has prematurely made up its mind to repeal or replace the fiduciary measure.
Charles Kokesh is appealing a lower court's decision siding with the SEC that gains reaped through securities-law infractions do not fall under the five-year statute of limitations.
Prospects don't always know what it means to be a fiduciary, but they know what they want to hear when asking an adviser if they are one.
Too many independent firms have minimal communication with their advisers on the pending regulation.
Lawsuit alleged brokerage firm misused investor funds in financing the failed Jay Peak ski resort.
Any significant changes would likely spur a lawsuit, and the courts have been tougher on regulators when they reverse course on rules after a new president comes into office.
The president's advisers have signaled he'll sign a bill to make it unlikely that state auto-IRAs are put into place as well.
As a result of the DOL fiduciary delay, the bank said customers could continue to use financial advisers as they had in the past.
The contest involved persuading customers to take out securities-based loans in which they borrowed against the value of their portfolios.
DOL fiduciary rule inspires questions about whether annuity transactions' current suitability standard is sufficient.
Developments in the excessive-fee lawsuit highlight the duty to monitor investments and the duty of a prudent trustee to be cost-conscious.
A state-level mandatory retirement plan will not solve the problem of Americans not saving.
Certain provisions of the rule will kick in putting those affected advisers more squarely in the line of fire of the litigation enforcement mechanism of ERISA.
The five-year class-action battle involved 1,056 former financial advisers.
Takes enforcement action against firms taking money to tout stocks.
Explanations for removing a complaint from a broker's record range from a couple paragraphs to several pages, but critics still worry about the impact to investors of wiping a slate clean.
The plaintiff takes issue with a so-called "layering scheme" in BlackRock's fund structure, whereby a fund's underlying proprietary investments charge additional fees that "cannibalize" returns for employees.
Disciplinary proceedings will determine whether a firm or an adviser exerted undue influence over "vulnerable individuals or individuals with diminished capacity."
Regulators should launch a full-scale investigation into how to avoid putting firms into double jeopardy.
