Voya Financial Advisors has restricted sales of variable annuities for the second time in two months, as the brokerage firm faces increased pressure from regulators questioning the suitability of the products for retirement savers.
Financial advice couple who sued CFP Board over use of the fee-only compensation label responds to U.S. District Judge Richard J. Leon's opinion, made public Tuesday, in the dismissed case.
Broker Steven Mark Wyatt was accused of unauthorized and excessive stock-market trading during and after the 2008 financial crisis.
Other advisers dinged by fee-only compensation definition weigh in on judge's decision.
U.S. District Judge Richard J. Leon granted a motion for summary judgment and dismissed the controversial lawsuit against the CFP Board filed by Jeffrey and Kimberly Camarda involving use of the fee-only compensation label.
Rep. Ann Wagner, a leading opponent of the agency's proposal to raise investment-advice standards for brokers working with retirement accounts is pursuing an aggressive strategy to stop the rule.
Long treated with kid gloves, big producers now face questions about alleged violations.
Supreme Court rules that U.S. tax subsidies are legal for all health insurance exchanges, allowing for more long-term financial planning.
The firm and its fund distributor will pay $40 million to settle claims in what the SEC says is 'first' in an ongoing series of investigations.
As the proposal's comment period ends Tuesday, here's a snapshot of some of the larger parties' stances.
Two of the more significant Dodd-Frank Act suggestions — the adoption of a new self-regulatory organization to oversee advisers and defining advisers' fiduciary duty — have not yet come to fruition.
Says charging a level fee would vanquish conflicts for advisers.
Estate planning lawyers say 19-year-old will left pop star's daughter unprotected.
The proposal to reduce conflicts of interest for brokers working with retirement accounts would create overlapping regulations that would baffle advisers and investors, regulator says.
After seeking to win support from Democrats for legislation sponsored by Sen. Richard Shelby, R.-Ala., for easing Dodd-Frank rules, Republicans are considering adding their measure to a government-spending bill.
Labor Department official says the agency will change its proposal to mollify the brokerage industry.
Finra says Wells Fargo, Raymond James and LPL self-reported their failures to waive sales loads for Class A shares for retirement accounts and charities.
Oscar Donald Overbey, Jr., was sentenced to 3-1/2 years in federal prison and must repay more than $3 million in restitution from Ponzi.
Industry heavyweight argues the proposal would limit access to investment advice.
Bank of America has dodged a high-profile, $20 million lawsuit brought by NFL star Dwight Freeney, who sued the company and his Merrill Lynch adviser, but the star's attorney says he plans to refile.
