Many professional certification programs have long demanded their advisers act in clients' best interests, and not just when working with retirement accounts.
Simply playing the fiduciary card to win over investors may not work the way it did in the past.
Already expected to spur consolidation among broker-dealers, the DOL fiduciary rule could also hasten RIA mergers.
Plus: Oil is low and going lower, active managers get bested by a cat, and what you can learn from your rich neighbors
Parties will now have more time to prepare for a hearing and be able to take depositions, but concerns of fairness remain.
Agency has filed 508 enforcement actions through the first three quarters of fiscal 2016, down 8% from last year.
Rep. Luke Messer's forthcoming bill seeks to alter administrative forums that he says 'trample' on people's rights and contribute to a fearful citizenry.
In about a year from now, 21 investment advisory firms representing about $518 million of assets will be required to switch to a state registration from the one they now hold with the SEC.
After laying low for weeks, opponents of the Labor Department's fiduciary rule finally push back.
Congressional Republicans continue to fight the measure that requires advisers to retirement accounts to act in clients' best interest.
The agency posted 13 technical corrections Thursday, one of which deletes six words that have caused confusion about use of the BICE.
Market Synergy's lawsuit, one of several targeting the Labor Department regulation, is set for Aug. 24 in a Kansas district court.
The party is set to endorse a levy on securities sales and to defend the DOL fiduciary rule when it meets at its national convention in Philadelphia later this month.
The rule changes will likely result in dramatically higher fees for many smaller clients, and one bond shop is already reacting.
Finra directs the brokerage firm to pay $142,168 due to allegations of unsuitable investments and overtrading.
<i>Breakfast with Benjamin</i> The saga of a Moore Capital fund manager involves a $27,000 Airbnb rental, a $1 million lawsuit, and “dwarfs with Champagne guns."
Daniel Rivera allegedly ran a $2.7M phony real-estate venture targeting about 30 investors over six years.
SEC cracks down on claiming Wyoming location but practicing elsewhere.
In first of five lawsuits against the measure, federal judge Randolph Moss not likely to grant preliminary injunction sought by the National Association of Fixed Annuities.
Every day that goes by without the proper safeguards in place to protect elderly investors presents a window for unscrupulous scam artists.
