Regulation And Legislation

Displaying 10528 results
Under new fiduciary rule, DOL has reason to pay attention to reverse churning
RETIREMENT PLANNING JUL 21, 2016
Under new fiduciary rule, DOL has reason to pay attention to reverse churning

Another reminder of the need to become well-versed on the fiduciary rule's conditions for rollover advice.

By Blaine F. Aikin
Why the DOL fiduciary rule will lead to more ETF innovation
OPINION JUL 21, 2016
Why the DOL fiduciary rule will lead to more ETF innovation

Asset managers must expand the depth and breadth of their offerings to become more relevant and differentiated.

By Thomas Hoops
American Century employees sue for excessive 401(k) fees
RETIREMENT PLANNING JUL 20, 2016
American Century employees sue for excessive 401(k) fees

Plaintiffs allege the asset management firm populated the retirement plan with proprietary investments for its own gain.

By Greg Iacurci
Dismissal of small 401(k) plan excessive-fee lawsuit 'highly atypical'
RETIREMENT PLANNING JUL 20, 2016
Dismissal of small 401(k) plan excessive-fee lawsuit 'highly atypical'

The case, which involved a $9 million plan, was voluntarily dismissed by plaintiffs in an unusual turn of events.

By Greg Iacurci
Transamerica settles 401(k) excessive-fee lawsuit with its employees for $3.8 million
RETIREMENT PLANNING JUL 20, 2016
Transamerica settles 401(k) excessive-fee lawsuit with its employees for $3.8 million

The retirement plan provider joins a list of other financial firms that have settled excessive-fee lawsuits with their own employees.

By Greg Iacurci
Finra proposes rules to restrict political contributions by brokers
PRACTICE MANAGEMENT JUL 20, 2016
Finra proposes rules to restrict political contributions by brokers

Regulator is following up on similar rules the SEC put in place for investment advisers.

By Greg Iacurci
REGULATION AND LEGISLATION JUL 19, 2016
Former Eagles player defrauds football coaches, others out of $6 million

SEC complaint alleges Merrill Robertson Jr. and partner promised 20% and took client funds

By Liz Skinner
RETIREMENT PLANNING JUL 19, 2016
Franklin Templeton sued by employees for self-dealing in 401(k) plan

The asset management firm joins the likes of American Century Investments and New York Life, which were also sued by employees for using proprietary funds in their 401(k) plans.

By Greg Iacurci
New York Life sued by employees claiming excessive 401(k) fees
RETIREMENT PLANNING JUL 19, 2016
New York Life sued by employees claiming excessive 401(k) fees

Employees are suing for alleged self-dealing and fees charged by a company-affiliated index fund, which plaintiffs claim enriched New York Life at the expense of employees' retirement savings.

By Greg Iacurci
REGULATION AND LEGISLATION JUL 19, 2016
House overwhelmingly approves expanding accredited-investor pool

Lawmakers sent a strong signal this week to financial regulators that more investors should qualify to buy unregistered securities.

By Mark Schoeff Jr.
EQUITIES JUL 18, 2016
The fiduciary conundrum of charging lower fees for bond allocations

<i>Breakfast with Benjamin</i> Can charging lower fees for bond investments be both the right thing to do and a violation of your fiduciary duty?

By Jeff Benjamin
Dallas court schedules hearing for lawsuits against DOL fiduciary rule
REGULATION AND LEGISLATION JUL 18, 2016
Dallas court schedules hearing for lawsuits against DOL fiduciary rule

Chief Judge Barbara M.G. Lynn is expected to issue a summary judgement on three consolidated lawsuits.

By Mark Schoeff Jr.
Administrative 401(k) mistakes now cost more
RETIREMENT PLANNING JUL 18, 2016
Administrative 401(k) mistakes now cost more

The Labor Department is increasing payouts for civil penalties related to retirement plans.

By Greg Iacurci
REGULATION AND LEGISLATION JUL 15, 2016
Candidates for Finra board want greater focus on regulatory pain of small firms

Four nominees were announced Friday after qualifying for the ballot.

By Mark Schoeff Jr.
Finra loses $39.5 million in 2015 after posting a surplus the year before
REGULATION AND LEGISLATION JUL 15, 2016
Finra loses $39.5 million in 2015 after posting a surplus the year before

After posting a surplus the year before, Finra's CEO says expenses for data migration to 'cloud' storage are partly to blame for 2015.

By Mark Schoeff Jr.
New Finra CEO Cook will feel heat from both sides of the political aisle
REGULATION AND LEGISLATION JUL 15, 2016
New Finra CEO Cook will feel heat from both sides of the political aisle

Conservatives and liberals alike have stepped up criticism of the brokerage industry regulator.

By Bruce Kelly
Broker-dealers eye level commissions to reduce risk under DOL fiduciary rule
RETIREMENT PLANNING JUL 14, 2016
Broker-dealers eye level commissions to reduce risk under DOL fiduciary rule

Such a strategy is meant to reduce the appearance of a conflict of interest when using commission products in retirement accounts.

By Greg Iacurci
DOL fiduciary rule will nudge 401(k) advisers to zero-revenue-share fund lineups
RETIREMENT PLANNING JUL 14, 2016
DOL fiduciary rule will nudge 401(k) advisers to zero-revenue-share fund lineups

Such a strategy would aim at levelizing compensation, thereby dodging additional compliance requirements and litigation risk.

By Greg Iacurci
Morningstar, American Retirement Association partner on fiduciary program
RETIREMENT PLANNING JUL 13, 2016
Morningstar, American Retirement Association partner on fiduciary program

The collaboration focuses on the compliance confusion among advisers and broker-dealers caused by the DOL's fiduciary rule.

By Greg Iacurci
PRACTICE MANAGEMENT JUL 13, 2016
The ABC's of the DOL fiduciary rule

Confusion could be the rule's greatest by-product due to its broad and somewhat general nature.

By Anthony Domino, Jr.