The addition reflects regulators' concerns about potential investor risk posed by automated-advice services.
The business interest group would like the new administration to halt and then replace the regulation that requires advisers act in the best interests of clients in retirement accounts.
Henry Al Dean Watson failed to show up during inquiry into arbitration claim alleging excessive trading and commissions, unauthorized trades and portfolio mismanagement.
With Republicans and the industry holding sway in 2017, the SEC might push through a less-stringent regulation — perhaps simply elevating the current suitability rule.
The programs, currently being established in five states, open up distribution opportunities for 401(k) advisers in the short term and create longer-term prospects.
Republicans have put regulatory reform — and rolling back Obama administration rules — at the top of their agenda in the new session of Congress.
Some providers see sales opportunity due to broker-dealers' narrowing of product platforms.
With most versions of the plans aimed at replacing Obamacare including higher deductibles and out-of-pocket expenses, HSAs could represent a tradeoff in terms of costs.
That move would take off the table a common challenge brought by defense attorneys: that hiring judges is unconstitutional.
Unusual number of variables in the New Year.
Even opponents of the DOL rule appear to be zeroing in on titles that cause confusion with the investing public.
The bill would delay the fiduciary rule's implementation two years from the time the legislation is enacted.
Plaintiffs had alleged company was imprudent in continuing to offer company stock as an investment option after it had declined in value.
The agency's Division of Investment Management provides guidance on how to communicate changes to sales loads that level compensation for brokers.
Two large independent broker-dealers are latest to retain commission structure. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
Investors Capital is in the process of closing down and moving its advisers to another Cetera firm.
The judge dismissed claims of fiduciary breach under ERISA, largely falling in line with judgments from similar cases.
Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
Jay Clayton, who specializes in securities transactions at law firm Sullivan & Cromwell, would likely serve as a "capital-raising facilitator dealmaker," according to a former senior enforcement counsel in the SEC Miami office.
Companies affiliated with Wells Fargo & Co. received the largest of the penalties assessed by the regulator, which has been pursuing a broader crackdown for cybersecurity failures.
