The researchers used data-analytic tools to establish that language in many funds’ prospectuses lacked clarity .
Scams involving self-directed individual retirement accounts are another area of concern, according to an annual survey by the North American Securities Administrators Association.
Obtains partial judgment against Wisconsin adviser; court will determine penalties later.
The InvestmentNews reporting team looks ahead to 2022 and sees many of these long-term trends continuing.
The DOL and the SEC are poised to advance several rulemakings this spring related to ESG investing.
Both the Labor Department and the SEC are working on proposals whose thrust is to encourage the use of ESG factors, an abrupt reversal of Trump administration policy.
Much of the proposed class-action case against Rollins Inc. points to investment guidance from an adviser to the plan who is not a defendant.
If Congress finally comes to an agreement on the bill, some provisions could be retroactive. The state and local tax deduction hangs in the balance.
The settlement stemmed from potential claims related to Merrill's "management and oversight" of brokerage accounts opened by the owner of Jay Peak, the failed Vermont ski resort.
A pending decision by the Supreme Court could change 401(k) fee lawsuits in a big way.
National Securities Corp. and Calton & Associates Inc. reported increased expenses in light of potential legal costs.
Elliott, president of Grid 202 Partners, an RIA in Washington, D.C., takes on the role as the organization has been promoting diversity in the financial advice profession.
It's getting tougher to do the right thing, with the right people, at the right time. But here are some steps you can take.
The decision by Finra arbitrators is another win for advisers who say the firm owes them money after an October 2015 decision to shut its U.S. private bank.
Republican commissioners have criticized SEC Chairman Gary Gensler's expansive agenda.
The agency said it needs another 60 days to make a determination, pushing the new deadline to March 16.
Morgan Stanley allegedly learned of the breach when it was contacted by a man who said he had purchased used IT equipment from an internet vendor that came with access to sensitive customer data.
The New Year may not be so happy for firms that employ a high number of registered reps with disciplinary histories.
In a recent supplement to a 2020 letter, the agency made clear that it does not endorse the use of private equity in defined-contribution plans.
Emerson Equity and Triad Advisors reached end-of-the-year settlements related to complaints about poor supervision of certain mutual fund sales.
