Regulation And Legislation

Displaying 10525 results
REGULATION AND LEGISLATION FEB 26, 2015
CFPB study reveals downside of mandatory arbitration

With spotlight on consumer confusion, harm, some think SEC will be swayed to quicker action reviewing brokerage contracts.

By Mark Schoeff Jr.
Brokers do a better job at cybersecurity than investment advisers: SEC
RIA NEWS FEB 26, 2015
Brokers do a better job at cybersecurity than investment advisers: SEC

Brokers do a better job at cybersecurity than investments adviser, according to the SEC.

By Mark Schoeff Jr.
RIA NEWS FEB 26, 2015
Seeing writing on wall from Finra, Schwab throws in towel on class action lawsuit

As regulator made it clear it was ready to fight tooth and nail, firm moves to settle, pay a fine.

By Mark Schoeff Jr.
RETIREMENT PLANNING FEB 25, 2015
SIFMA claims White House figures on DOL rule flawed

A new paper by the organization concludes $17 billion estimate of lost retirement savings not substantiated.

By Liz Skinner
LPL to cut bonuses to employees, top management
INDEPENDENT BROKER DEALERS FEB 25, 2015
LPL to cut bonuses to employees, top management

Top executives at the firm are among those facing smaller bonuses after a year of discouraging financial results.

By Bruce Kelly
SEC's Michael Piwowar slams Finra data-collection proposal
PRACTICE MANAGEMENT FEB 25, 2015
SEC's Michael Piwowar slams Finra data-collection proposal

Republican Piwowar criticizes Finra's plan for a massive brokerage data collection mechanism, asking whether it's a "solution in search of a problem."

By Mark Schoeff Jr.
REGULATION AND LEGISLATION FEB 25, 2015
Regulators going postal over alleged price gouging

Regulators are steamed by B-Ds that mark up postage charges to clients. You can't blame them. In some cases, brokerages are socking customers up to $75 per transaction.

By Bruce Kelly
RETIREMENT PLANNING FEB 24, 2015
New areas for 401(k) lawsuits emerge

A new array of developing legal risks awaits unwary retirement plans and their advisers.

By Darla Mercado
RIA NEWS FEB 24, 2015
Schwab must face adviser's lawsuit after all: appellate court

Judges said the firm must face a class-action lawsuit on mortgage debt in bond funds.

By Trevor Hunnicutt
Morgan Stanley settles mortgage bond probe for $2.6 billion
RIA NEWS FEB 24, 2015
Morgan Stanley settles mortgage bond probe for $2.6 billion

<i>Breakfast with Benjamin</i>: Plus: Buffet's opaque empire, Obama's regulatory plans and New York's efforts to keep its meat hooks in tax refugees.

By Jeff Benjamin
ALTERNATIVES FEB 24, 2015
Due diligence in the age of flash crashes

The dominance of algorithms in trading means advisers need to re-evaluate their processes

By Blaine F. Aikin
Schorsch, ARCP dodge bullet as defamation suit dropped
ALTERNATIVES FEB 24, 2015
Schorsch, ARCP dodge bullet as defamation suit dropped

Lisa McAlister, the company's former chief accounting officer, pulls her defamation suit, in which she claimed she was a scapegoat for a $23 million accounting error.

By Mason Braswell
Lockheed Martin to pay $62 million settlement in 401(k) fee suit
RETIREMENT PLANNING FEB 24, 2015
Lockheed Martin to pay $62 million settlement in 401(k) fee suit

Plaintiffs claimed defense contractor breached fiduciary duty, mismanaged funds.

By Darla Mercado
EQUITIES FEB 23, 2015
The new world for oil is a manageable $65 a barrel

<b>Breakfast with Benjamin:</b> Where the price of oil is likely to settle. Plus: On the responsibility of retirement plan sponsors and mutual fund directors; don't get blown away by the new jobs report and banks pass stress tests with flying colors.

By Jeff Benjamin
RETIREMENT PLANNING FEB 23, 2015
BlackRock's iShares avoids trip to the Supreme Court

Largest ETF firm wins victory in case questioning its lucrative securities-lending business.

By Trevor Hunnicutt
Labor Department rankles advisers with quick video on fiduciary
FINTECH FEB 23, 2015
Labor Department rankles advisers with quick video on fiduciary

Some agree with concept but argue that short treatment lumps everyone together and lacks nuance.

By Alessandra Malito
REGULATION AND LEGISLATION FEB 23, 2015
After Dodd-Frank, SEC relying more on own judges

After Dodd-Frank, SEC relying more on own judges. Regulator claims practice is more efficient, but lawyers say it puts defendants at a disadvantage

By Mark Schoeff Jr.
REGULATION AND LEGISLATION FEB 20, 2015
SEC enforcement chief defends using administrative law judges, avoids fiduciary

Andrew Ceresney espoused the agency's increased use of in-house judges before a congressional panel, while steering clear of the debate over raising investment-advice standards.

By Mark Schoeff Jr.
SEC member seeks guidelines for use of in-house judges
REGULATION AND LEGISLATION FEB 20, 2015
SEC member seeks guidelines for use of in-house judges

Piwowar says agency should avoid the appearance it is using administrative law judges in enforcement cases to improve chances of success.

By Mark Schoeff Jr.
Former compliance officer sues Cabot Lodge owner
ALTERNATIVES FEB 20, 2015
Former compliance officer sues Cabot Lodge owner

Jacob Frydman is focus of complaint that alleges plaintiff was fired for reporting 'certain improprieties' to Finra.

By Bruce Kelly