Another financial services company has been targeted for costly proprietary investments in its 401(k) plan, leading to allegations of self-dealing at the expense of employees.
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
The adviser boycotted her enforcement hearing, but that may not stop the regulator from throwing her out of the securities industry.
The insurer joins other financial services companies such as Ameriprise and Principal, who've detailed rising compliance costs associated with the regulation.
Treasury Department's proposed regulation aims to curb tax-planning approaches that lower the valuation of stakes in corporations or partnerships.
The expense speaks to the difficulty broker-dealers are facing to comply with the controversial new regulation.
The agency is particularly interested in conflicts of interest where the adviser is also a broker-dealer or affiliated with a broker-dealer that gets fees from sales of particular share classes.
The Labor Department needs to provide additional guidance regarding these irregularities in time for advisers to plan accordingly.
The suits against NYU and Yale are especially significant because they're the first regarding university 403(b) plans.
Because platform initially will be offered through B-Ds, firm doesn't see it undercutting plan advisers' business, though it has considered going direct to plan sponsors.
The blurred line between retirement and non-retirement advice means advisers must be very careful when providing any financial services.
In today's regulatory environment, every adviser is guilty until proven innocent.
A side firm has brought a Finra arbitration claim against five of the advisers, who have filed a counterclaim in federal court.
The Republican nominee is trying to reset his presidential campaign after a string of missteps.
A hearing is set for Wednesday; the adviser couple says the documents show the organization singled them out for discipline in use of compensation label.
Revised revenue allowances and other adjustments, originally praised by advisers, are turning out to be less advantageous than expected.
The lawsuit alleges the university and a university-affiliated health system breached their fiduciary duties by causing participants in their 403(b) plans to pay excessive fees.
Nicholas Mitsakos and Matrix Capital Markets pretended to manage millions, SEC alleges.
Regulators should coordinate these different standards as soon as possible to minimize confusion for investors.
Robert Edward Loftus was discharged in 2013 and found in breach of a promissory note
