By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
Advisers and firms must clearly reference and link to regulator's search tool on their websites.
Advisers need to scrutinize any sort of markup on a platform they're recommending, making sure it is reasonable.
Groups for and against the rule sound off on the latest development in the DOL's attempt to create a fiduciary standard for retirement advice.
The penalty is the regulator's largest ever relating to anti-money laundering compliance.
The U.S. Chamber of Commerce, SIFMA, FSI, IRI, the Financial Services Roundtable and several Texas business groups joined a lawsuit to block the Labor Department's landmark fiduciary regulation. <b><i>(Related read: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL fiduciary rule from all angles</a>)</i></b>
The lawsuit may push the rule to the next presidential administration, which could ultimately kill the rule.
DOL's rule accelerates an opportunity for these firms to wrap products into advice-driven online platforms.
Fund manager sued last year over allegedly mismarking loans.
New regulation has broad reach, so when in doubt, use the best interest contract exemption, assistant secretary says.
Lawsuit is perhaps the first example targeting small retirement plans.
He pitched a fictitious hedge fund to investors and used their money for his personal benefit
In the wake of Raymond James' $17M fine, it's time advisers take regulators' focus on this issue seriously, as rules are only going to get stricter.
In addition to risks and returns, advisers need to worry about moral and ethical issues
Indictment alleges clients were defrauded over a 14-year period.
The 10 cases brought by the organization also include loans to clients, falsifying standing as a CPA and inappropriate investment advice.
