Appeals court denies annuity group's request for emergency injunction to delay implementation. (More: <a href=""" target="”blank"" rel="noopener noreferrer">Federal court rejects NAFA attempt to kill DOL fiduciary rule </a> )
Plaintiffs allege wrongful termination after urging their employer, Prudential, to take action over seemingly fraudulent sales of life insurance policies by Wells Fargo's retail bank.
Wirehouse says its decision preserves customer choice, and it comes as speculation swirls over the regulation's fate.
While the president-elect's pick to head DOL hasn't said anything about the rule, others on the team have objected to it.
Initial implementation of the rule is currently scheduled to begin in April.
Supervisor left firm amid an internal review of her performance and then declined to testify during a Finra investigation.
Massachusetts' William Galvin charged the nation's largest independent B-D with failing to supervise a top-producing broker who allegedly committed fraud in selling unsuitable VAs.
Admits to stealing money from a family's trusts that he was managing and using it for personal expenses. <b><i>(Related read: <a href="//www.investmentnews.com/article/20160519/FREE/160519910/massachusetts-investment-adviser-gregg-caplitz-sentenced-to-prison"" target=""_blank"" rel="noopener noreferrer">Massachusetts investment adviser Gregg Caplitz sentenced to prison for fraud, SEC says </a>)</b></i>
Bruce S. Horowitz charged big upfront fees but never invested any of his clients' money, the Massachusetts regulator claims.
The hedgie, famous for comparing the DOL fiduciary rule to the Dred Scott decision, may be going to work for Donald Trump.
Both former brokers settled and refused to testify.
The regulator said Anthony Mastroianni Jr. churned an elderly client's account at two different brokerages.
There will be a variety of desired and unexpected consequences of the DOL fiduciary rule.
Regulator looking into incentives firms are offering employees to promote bank products of an affiliate or parent company to retail brokerage customers in wake of Wells Fargo scandal.
Only 6% of reps with checkered backgrounds were placed on heightened supervision by their broker-dealers, according to a new report.
Though Andrew Puzder, a fast-food CEO, has not weighed in on the regulation, his conservative leanings on employment policies indicate he probably won't embrace it.
