Experts in the financial industry question what spillover effect it will have on such clauses for brokers.
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
The regulator's Board of Governors authorized amendments to the code of arbitration and also approved a separate item to protect senior investors.
Concerns involve linkages between these prospecting meals — popular with seniors — and sales of high-fee investment products.
The question for Finra: How deep is their resolve to make BrokerCheck as popular as services like Yelp, TripAdvisor or Angie's List?
Today's hearing on 2016 budget discussed the DOL rule as well, with a lawmaker asking Chairwoman Mary Jo White, 'Why are you allowing the Labor Department to take over your territory?'
<i>Breakfast with Benjamin</i>: A former Edward Jones adviser is sentenced to five years in the slammer for bilking a disabled woman out of more than $100,000.
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm's custom target-date series and global diversified fund lost hundreds of millions of dollars.
<i>Breakfast with Benjamin</i>: A dead asset no longer, gold shines bright above its 200-day moving average for the first time in five months.
Proposal would force RIAs to comply with both the SEC standard and Labor Department's rule, FSI says.
Proposal would clarify brokers' and advisers' responsibilities in cases of suspected elder abuse
Compared to other nations, we have a substantial head start in building a sound, funded solution for the challenges of aging populations
Democrat Lisa Fairfax and Republican Hester Peirce have academic backgrounds and sit on the agency's Investor Advisory Committee.
A common thread across technology-driven breaches is the failure of firms to establish and enforce policies and procedures.
As she enters what could be her last year as chairwoman of the SEC, experts grade Mary Jo White's performance.
Candidate says clients and constituents, virtually unfazed by recent market turbulence, need a level playing field for financial advice.
Heading a huge, highly visible agency in the wake of a financial crisis results in ups and downs for Mary Jo White.
From how much money the money manager's executives make, to jabs at former colleagues, the lawsuit is chock-full of internal intrigue.
<i>Breakfast with Benjamin</i> The Democratic candidate proposes new fees for taking investment risks, because taking investment risks aren't risky enough already, or something like that.
A letter to Democratic colleagues warns against riders attached to spending bills in upcoming budget negotiations.
