More than 1,000 members of the National Association of Insurance and Financial Advisors lobbied members of Congress and their staffs to try to kill a Labor Department rule that would expand the definition of a fiduciary for those providing advice about retirement plans
Bachus bill could stall in upper chamber, but observers say Finra lobbying effort might help push it through
A federal judge agreed with a 28-year veteran agent that he was muscled out of his book of business by The Allstate Corp.
SRO's boss will tell Congress self-regulator 'uniquely positioned' to monitor investment advisers
Texas man raked in more than $3.45M from alleged scheme
Regulator aims to impose fiduciary standard, compensation limits in bid to eliminate conflicts of interest
A controversial California bill that would punish firms for misclassifying employees as independent contractors was amended last week, lightening the compliance burden for broker-dealers
Claim possible appointment of SRO to oversee advisers could end up costing investors; regulator insists it's 'natural organization to be part of the solution'
A pair of registered representatives with Planmember Securities Corp. in Texas face the loss of their securities licenses and fines of $100,000 each for the improper sale of life settlement notes.
Morgan Keegan could be on the block after reaching a $210M settlement with regulators over valuations of subprime mortgages in mutual funds; 39,000 investors lost $1.5 billion.
A parade of Industry experts and regulators testified in front on a Congressional panel today on whether investment advisers need a self-regulatory organization. The upshot? An SRO is necessary -- and Finra may be the best bet for the job.
UBS took a massive $2B hit from what it says was unauthorized trading by an employee. The loss puts the Swiss bank in elite company, along with several other financial institutions that have been rocked by bad bets. Here's the ten worst in recent years.
Gensler says JPMorgan loss proves regulations need to cover international contracts, as well
Financial Planning Coalition sends petition to Congress urging adoption of single standard of care; 'isolated pocket of opposition'
Veteran insurance agent Paul A. Mattus has filed suit against The Allstate Corp., claiming that the carrier muscled him out of his book of business and passed it on to a newer, younger agent
State regulators of investment advisers should reach out to Finra, which provides broker-dealer oversight, to ensure that advisers act in their clients' best interests, according to the new head of NASAA.
Asset manager issues proposal to reform exchange-traded-fund industry
The Municipal Securities Rulemaking Board has yanked all six of its proposed rules covering municipal advisers today, triggered by worries about the Securities and Exchange Commission's proposed definition of a municipal adviser.
House panel will explore SEC reports recommending that the commission impose a universal fiduciary duty on anyone providing retail investment advice and harmonize regulations governing investment advisers and broker-dealers.
