A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system
The disclosure and use of financial derivatives by financial firms is the biggest concern of the nation's leading financial analysts
If two House hearings last Thursday were any indication, the Securities and Exchange Commission faces an uphill battle in winning approval for its $1.4 billion budget request — including the $300 million increase it says it needs to fulfill its core mission and its Dodd-Frank obligations
Service providers have an additional six months to prepare for plan fee disclosure regulations, and it seems that broker-dealers will need all that time
Head of commission says GOP proposal would lead to big reduction in number of firm audits
Financial adviser training and compliance expenses could spike for broker-dealers of all sizes — and become especially burdensome to smaller firms — if the Labor Department applies its proposed fiduciary rule to individual retirement accounts, observers say.
The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its new director of investment management, marks the first time in decades — if ever — that the agency has named an industry executive with no legal background to the position.
Retirement plan clients seem to want it all — and these days, they're asking plan advisers what they can do for their participants in terms of guidance.
In a move that some say could disenfranchise smaller firms, the Financial Industry Regulatory Authority Inc. plans to revamp its district committees
Financial adviser training and compliance expenses could become more onerous for broker-dealers -- if the Department of Labor applies its proposed fiduciary rule to IRAs
With megabanks besieged by regulators and facing a public backlash over the 2008 credit crisis, portfolio managers increasingly are looking at smaller banks as a value play in the financial services sector
Disciplinary actions brought by Finra grew 13% last year to 1,310, from 1,158 in 2009, according to a study
IRI report is pre-emptive strike against possible tax change
Judges back earlier decision dismissing litigation against SRO; plaintiff's claim regulator misled members about NASD/NYSE merger
But U.S. Attorney Preet Bharara says civil cases easier to win; 36 wins in 20 months for U.S. attorney
On Wednesday, Finra accused David Lerner Associates of selling an unsuitable investment -- shares of Apple REIT -- to unsophisticated and elderly clients. Sales of Apple REIT comprised 60% of the brokerage's business since 1996, the regulator added. In a statement, the firm said it expects 'to be completely vindicated.'
Wells Fargo wagon slow in getting info to clients, regulator claims; brokerage settles charges for $1M
The Securities and Exchange Commission continues to crack down on Reg D offerings. This go-round, the regulator issued a cease-and-desist order to Capital Financial over the firm's alleged lack of due diligence on a series of privately issued notes.
