Regulation And Legislation

Displaying 10528 results
PRACTICE MANAGEMENT SEP 13, 2016
Why you should still be worried about big-bank failures

Plus: The case for active management, hedge fund ETFs, and debunking some money myths

By Jeff Benjamin
State Farm, citing DOL fiduciary rule, cuts agents from mutual fund and variable annuity sales
RETIREMENT PLANNING SEP 13, 2016
State Farm, citing DOL fiduciary rule, cuts agents from mutual fund and variable annuity sales

The insurer, which is moving to a "self-directed call center" approach for certain investment products, is among the few companies which has publicized plans for compliance with the DOL rule.

By Greg Iacurci
Stifel claws back $440,000 as brokers struggle to win Finra arbitration
REGULATION AND LEGISLATION SEP 13, 2016
Stifel claws back $440,000 as brokers struggle to win Finra arbitration

Brokerage firms tend to win disputes over promissory notes.

By Christine Idzelis
PRACTICE MANAGEMENT SEP 12, 2016
State regulators say brokers must step up prevention of elder financial abuse

Coordinated exams in 20 states reveal need to improve policies, procedures to protect seniors.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION SEP 12, 2016
SEC Chairwoman Mary Jo White says agency mulling fiduciary duty

Staff recommendations on a potential rule to raise retail investment advice standards are being considered by commissioners, but a proposal is not imminent.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION SEP 11, 2016
Sheila Bair takes on the 'crisis' of student loan debt

Plus: Deutsche Bank selloff linked to Obama administration leaks, knowing your active commodity ETF, and the real cost of “free”

By Jeff Benjamin
REGULATION AND LEGISLATION SEP 11, 2016
Some penalties, while brutal, are fair

If the firms decided to take shortcuts — and in the recent F-Squared case it seems like they did — they should be held accountable.

By Ellie Zhu
To be a fiduciary, invest like one
REGULATION AND LEGISLATION SEP 11, 2016
To be a fiduciary, invest like one

The industry fails investors by clutching to a long-gone past, rather than moving forward by offering proven, updated investment approaches offered to large institutions.

By Lee Kranefuss
REGULATION AND LEGISLATION SEP 09, 2016
Provision to kill DOL fiduciary rule included in new bill to replace Dodd-Frank

Measure also contains requirement for SEC to conduct 'rigorous' cost-benefit analysis before proposing its own fiduciary-advice rule.

By Mark Schoeff Jr.
RETIREMENT PLANNING SEP 08, 2016
DOL fiduciary rule could cause half of potential IRA rollover assets to stay put: Report

Because of the DOL fiduciary rule, Cerulli expects more money will remain in employer-sponsored retirement plans.

By Liz Skinner
PRACTICE MANAGEMENT SEP 08, 2016
Industry, adviser groups raise concerns about SEC's business continuity proposal

They caution that making advisers liable for fraud if they lack such a plan is the wrong way to achieve investor protection goals.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT SEP 08, 2016
Raymond James, Baird to pay $850,000 for SEC wrap-fee violations

Some of the firms' clients weren't aware of costs paid beyond the wrap-fee programs

By Christine Idzelis
RCAP to close wholesaling REIT division after charges of fraud, declining sales
ALTERNATIVES SEP 08, 2016
RCAP to close wholesaling REIT division after charges of fraud, declining sales

Company founded by one-time real estate mogul Nicholas Schorsch announces $3 million settlement with Massachusetts Securities Division and said it will lay off nearly 150 employees.

By Bruce Kelly
Appeals court judge questions Camardas' claim in fee-only case against CFP Board
REGULATION AND LEGISLATION SEP 07, 2016
Appeals court judge questions Camardas' claim in fee-only case against CFP Board

Lawyer representing the two Florida planners was grilled at a hearing on Wednesday over his argument of selective enforcement.

By Mark Schoeff Jr.
FPA seeks more influence over CFP Board, regulators by creating advisory council
REGULATION AND LEGISLATION SEP 07, 2016
FPA seeks more influence over CFP Board, regulators by creating advisory council

New six-member panel will take input from members regarding concerns about groups that formulate policies affecting planners.

By Mark Schoeff Jr.
Advisers have a fiduciary duty to put robust business continuity plans in place
PRACTICE MANAGEMENT SEP 07, 2016
Advisers have a fiduciary duty to put robust business continuity plans in place

As fiduciaries, advisers have twin duties of loyalty and care to their clients.

By Blaine F. Aikin
Use the DOL fiduciary rule as a catalyst to transform your business
PRACTICE MANAGEMENT SEP 07, 2016
Use the DOL fiduciary rule as a catalyst to transform your business

To move from DOL compliance to transformation, you will need to focus on several key issues to drive the speed and effectiveness of these changes within your business.

By Scott Dixon
PRACTICE MANAGEMENT SEP 07, 2016
What advisers need to consider before starting a separate business venture

There are some ethical considerations that deserve some thought before launching a non-financial planning business.

By Dan Candura
Morningstar slams some liquid alternative funds for masking actual expense ratios
MUTUAL FUNDS SEP 06, 2016
Morningstar slams some liquid alternative funds for masking actual expense ratios

The funds take advantage of the SEC's reporting rules on derivatives to make their high fees look smaller than they actually are.

By John Waggoner
How frivolous customer disputes can be erased from Finra BrokerCheck
PRACTICE MANAGEMENT SEP 06, 2016
How frivolous customer disputes can be erased from Finra BrokerCheck

Customer complaint disclosures that are erroneous or without merit are all too common.

By Doc Kennedy