Bank of America's brokerage unit admits wrongdoing in unprecedented <a href="http://www.investmentnews.com/article/20160623/FREE/160629959/merrill-lynch-to-pay-415m-to-settle-sec-charges-it-misused-customer">$415M consumer protection settlement </a> with SEC; slapped with two other fines the same day.
While the new fiduciary rule could be interpreted as an unnecessary compliance burden, it may also present an opportunity with regard to 401(k) accounts.
Edmund F. Murphy III, president of Empower Retirement, says reforms need to be led by the private sector.
Following record MetLife fine, regulator says VAs are now at the core of their focus: complex products marketed to seniors.
The original industry regulations from 1934 and 1940 were perfect — just not perfectly enforced.
Push by advisers could help tug this needed legislation out of the doldrums and on to the president's desk.
Clients accused Lee Weiss of recommending an unsuitable investment in a Polish tobacco company.
Richard William Lunn Martin improperly recommended non-traditional ETFs while warning of economic collapse, Finra said
The wealth manager overbilled for investments in REITs and BDCs
Here are some of the most critical and potentially damaging misconceptions held by compliance professionals.
Chairwoman Mary Jo White and commissioner Kara Stein laid out regulations the agency will tackle, despite missing two of its five members.
A move by the Securities and Exchange Commission to beef up oversight of investment advisers probably will not stop the agency's effort to establish third-party exams for the sector.
The former House Financial Services committee chair criticized the ruling and said it could ultimately lead other institutions to try to overturn their SIFI status.
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
Another item of interest to financial advisers, third-party exams, is also on the docket for next spring.
<i>Breakfast with Benjamin</i> The commission is specifically looking at why some clients are in advisory accounts versus brokerage accounts.
Records of thousands of clients were exposed to foreign hackers, regulator claims.
Tech vendors are getting the spotlight thanks to the new regulation and market volatility.
The plaintiffs and Labor Department are seeking summary judgment for the cases in a Dallas federal court, with a decision possible in October.
In responses to charges it misused customer cash, the wirehouse agreed to the payment and to admit wrongdoing in violations of the customer protection rule.
