Retail investors should be able to rely on the financial guidance they receive, regardless of whether it's from an investment adviser or a broker, according to the SEC official leading the agency's study of fiduciary duty.
The Securities and Exchange Commission is examining the burgeoning business of financial advisers' selling model portfolios of exchange-traded funds.
Regulator eyes cozy relationship between asset managers and hedgies, PE execs; 'proactive approach'
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., would be prohibited from retaining death benefits without specific consent of clients, under a proposal today by state legislators.
Despite criticism from the brokerage industry, a revamp of 12(b)-1 fees is long overdue
An additional 4,200 investment advisory firms regulated by the Securities and Exchange Commission will fall under the purview of state regulators if the Senate passes the financial-reform bill.
Even if Republicans make gains in the elections, financial reform – including the push for a universal standard of care for advisers – will be hard to derail
Although it is still unclear whether the Securities and Exchange Commission will back a universal standard of care for brokers and investment advisers, one thing is certain: Investors want a single standard.
I thought the article “No profit in talking politics with clients” (Aug. 29) was spot-on.
Former Citigroup Inc. stockbroker Ralph Casbarro was fined $500 and received no prison sentence or probation for his involvement in a scheme to let day traders eavesdrop on internal conversations over brokers' “squawk boxes.”
In the two months since sweeping financial reform legislation became law, the measure has failed to win over the vast majority of investment advisers. Others say they're just plain confused by it.
It appears the SEC will be sorting through its mail for some time.
The Securities Industry and Financial Markets Association wants to delay the effective date of any new standard of care that the Securities and Exchange Commission may adopt for brokers giving advice to retail investors.
Advent Software yesterday announced availability of Moxy 7.0, the latest version of the trade order management system that's so popular with registered investment advisory firms
SEC eyes tougher rules for high-frequency traders; loss of specialists bemoaned
The commission launched its study of fiduciary requirements amid fanfare and a flood of public input. But the GAO is quietly examining the regulation of the entire financial planning industry.
Self-funding would give the regulator a fighting chance of keeping up with the growing number of investment advisers
The U.S. Securities and Exchange Commission didn't conduct a meaningful probe of indicted money manager R. Allen Stanford until 2005 even though examiners suspected him of operating a Ponzi scheme eight years earlier, an internal report found.
