Mercy Health Corp. was sued last year over plan fees and investment options. Separately, a new lawsuit was filed against Olin Corp.
Developing a tailored regulatory filing form for RILAs could help investors better understand the product. The proposal has the backing of the insurance industry and investor advocates.
Opponents of Washington's long-term care insurance program are claiming that it violates a handful of laws.
Generally, financial industry groups encouraged state regulators to narrow the measure, while advocates want them to expand it.
Finra said at the start of the year it was looking into possible violations by registered representatives who applied for coronavirus-relief loans.
House Democrats have proposed increasing the cap to $80,000 from $10,000 through the end of the decade; Senate Democrats are working on a less generous option.
The board also released a proposal to establish an appeals commission to hear appeals of rulings by the Disciplinary and Ethics Commission.
They also want to extend the 15-day window under state and Finra rules to hold disbursements from accounts when abuse is suspected.
In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.
After buying his first Bitcoin six years ago for $235, Steve Larsen believes the digital currency is still a value at over $66,000.
Over four years, the New York-based broker-dealer failed to identify trading that was potentially excessive and unsuitable in hundreds of customer accounts, according to Finra.
The legislation would also expand access to workplace plans by creating more opportunities for part-time workers to join and allowing 403(b) plans to participate in multiple-employer and pooled employer plans.
NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.
The law firms that filed the case point to record-keeping fees that were higher than those for other plans they identified.
His departure frees up another vacancy for President Joe Biden to fill as he considers new leaders for the central bank.
The IRS is also increasing the income ranges for eligibility to make deductible contributions to traditional and Roth IRAs, as well as to claim the Saver’s Credit.
Most brokerages continue to demonstrate conflicts of interest when recommending investments to retail customers, a NASAA study shows.
The measure would place limits on individual retirement accounts, including preventing contributions to accounts once they reach $10 million, and give the IRS more oversight over them.
The change is the latest attempt by the agency to make it easier for shareholders to take action on hot-button issues like race and climate change.
An expansion of the alternative minimum tax, would require some top earners to pay more in taxes.
