Today's <i>Breakfast with Benjamin</i> menu: Finra targets trading trickery. Plus: Credit Suisse pleads guilty to tax evasion, dealing with the Fed's giant balance sheet, Treasuries vs. gold and 10 great baseball movies to see this summer.
Senator calls for changes that would encourage retirement-age workers to work longer
Though well-intended, Finra's plan could come with new security concerns and costs
Camardas can seek monetary damages and pursue anti-trust violations in case in which they are suing the CFP Board for sanctioning them.
Advisers are sure to get a visit if they exaggerate numbers or make dubious statements in advertising.
If approved, rule would prohibit investor complaints from being contingent on clearing a broker's record.
Revives proposal that would require brokerages to link to regulator's database, including disciplinary background info.
Rule change would stop brokers from placing conditions on settlements stipulating that customers agree not to oppose brokers' move to clear record.
The Department of Labor, headed by Thomas Perez, aims to assist plan sponsors understand costs after 2012 regulations pushed for more disclosure. The solution? A fee road map. Skeptics warn the map could be as complicated as the disclosure.
Board members point to SEC's elevation of issue as a top priority.
Plans to help Edgerton & Weaver, which specializes in representing B-Ds, RIAs and registered reps, build its consulting business.
Founder of Garrett Planning Network says investors with low net worth can be served in a market where all advisers must act in their best interests.
Despite Finra's denials (including one from CEO Richard Ketchum just last week), some believe the regulator still wants to be the SRO for advisers.
CEO bows in apology to Japanese customers; possible theft of 850,000 units.
Coalition asks for meeting with Labor Secretary Thomas Perez.
Chief architects call plan imperfect but say it will provide economic certainty, help heal wounds.
The president of the North American Securities Administrators Association discusses what the financial industry needs to do to rebuild client trust.
Regulator's CEO says chances of success are thin but agrees that adviser oversight needs improvement.
Finra to look at how firms sell annuities, REITs and other products to older clients.
