Two top Republican senators claim the fiduciary rule is premature when the agency is still studying how Americans save.
An exam can be demanding and time-consuming, but it will go smoother if you prepare for it in advance. </br><b><i>(Plus: <a href="//www.investmentnews.com/gallery/20160311/FREE/311009999/PH/sec-exam-cheat-sheet" target="_blank" rel="noopener noreferrer">10 tips to survive an SEC exam</a>)</b></i>
Commissioner Kara Stein concedes agency is unsure how it will apply a best-interest standard to digital advice platforms.
The Financial Industry Regulatory Authority Inc. barred a Phoenix-based broker for making 12 unsuitable recommendations regarding debt instruments known as debentures.
If low interest rates have posed a challenge for seniors, why then have they done relatively well in terms of consumption and income?
Bank and Rhode Island didn't disclose cash shortfall, SEC says
Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.
Marc Wyatt, head of the agency's inspections arm, says his division analyzes data from many more to decide which to target.
Labor Secretary says its rule raising advice standards on retirement accounts is coming soon, and he will detail what was altered from the original proposal
Republican Hester Peirce and Democrat Lisa Fairfax would not likely shake up the status quo on the five-person panel.
Brokers and advisers are not the only ones looking for more information.
TD Ameritrade Institutional President Tom Nally is urging financial advisers to help restore the industry's reputation with investors amid heightened regulatory scrutiny of the wealth management industry.
Registered investment advisers are already held to a fiduciary standard by the SEC, but many envision higher costs and time spent on compliance-related tasks.
Athletes need to save during short careers to pay for long retirements
The DOL's Timothy Hauser said one possible change to the department's fiduciary rule could involve the controversial contract brokers must sign with clients.
But Republicans failed to garner the bipartisan support necessary in both the House and Senate to override a threatened Obama veto.
New report details proposed changes in rules and material it requires from broker-dealers.
SEC now digging into rollover advice, other aspects of conflicts relating to retirement accounts
Oracle's plan and its fiduciaries are the latest to be targeted in a slew of excessive-fee suits to emerge over the past several weeks.
The brokerage industry's chief regulator will step down in the second half of 2016 after a successor is found.
