This week's top <i>InvestmentNews</i> stories feature an LPL exec's exit, potential pitfalls for brokers changing jobs, a flurry of adviser moves and a high-profile lesson in trust planning.
Regulators are notorious for dragging their feet, and investors suffer when new rules take too long to be finalized.
Problems with one standard for brokers and advisers are voiced at a fiduciary summit.
Questions abound in early stages of potential rulemaking to boost oversight.
Linda Fienberg departs the regulator after putting in place several modifications to its dispute resolution forum over her 18-year tenure.
Billionaire Warren Buffett predicted Bank of America will become a profit powerhouse once it finally resolves legal battles that have sapped funds and distracted managers. Now we'll find out if he's right.
It depends on what slice of the industry they represent.
Brokers say they already work in clients' best interest, but formalizing it will eliminate their ability to service small accounts.
Piwowar stance makes clear the commission is split
IAA study shows that the top 1% of firms manage more than half of all assets.
Software companies offer products to help advisers meet intense regulatory demands.
There's been no summer break for the SEC, as the regulator's tally for never-examined advisers has been bolstered by a quicker examination process.
Blake Richards misappropriated $1.7 million from at least seven investors, some of whom were elderly, according to the SEC's charges.
A scandalous lawsuit, new data on the growth of independent firms, and the rest of this week's must-reads
<i>Breakfast wtih Benjamin</i>: The case for reducing fixed income exposure gets more vivid, markets react to Pres. Obama's 'no strategy' remarks regarding ISIS, another perspective on income inequality, and more.
Retirement security a top concern for states discussing options for workers whose companies don't offer plans.
In today's <i>Breakfast with Benjamin</i>, Warren Buffett's fails to put his money where his mouth is, Canada finds a sensible way to stop corporate inversions, the Fed pushes rate-hike rumors out to the end of next year, and more.
SEC scores court victory involving wrap account fees and is making them a priority in exams
In the past year or so, more than 30 major companies have quietly amended their bylaws to say Delaware courts are the only place where shareholders can file lawsuits alleging misdeeds by corporations, their managers or directors.
<i>Breakfast with Benjamin:</i> The Fed should raise rates but... Plus: Financial advisers turn to options investing; the French government calls it quits; the SEC goes after asset-backed bonds; another Obamacare surprise; and what is really the most important meal of the day
