Insurer's policies for locating annuity customers resulted in errors in accounting for reserves, SEC says.
Regulator says trading app's order-flow procedures failed to guarantee clients received best prices
But residents of high-tax states shouldn't get excited — the measure is dead on arrival in the Senate.
Self-reporting of regulatory issues by advisers has been a clear weakness.
SEC official: 'Can I demonstrate how I got to this recommendation?'
Regulator proposes allowing people with some professional financial certifications, such as Series 7, 65 and 82 licenses, to qualify as accredited investors
Suneet Singal allegedly lied about owning a dozen hotels to close a deal.
Advisers like provisions for increasing workplace retirement plans, extending RMD age, but question limits on inherited IRAs
The SECURE Act has several provisions with a favorable impact on annuities. Find out what this legislation means for annuity providers and retirees
Panel also ships the SEC amendments to suitability rule to conform with Reg BI
Measures would have to find GOP support for any hope of Senate approval.
T. Rowe Price, Fidelity, Natixis and Blue Tractor won permission from the regulator to disclose their holdings only once a quarter.
The measure, which seems to have stalled in the Senate, would eliminate stretch IRAs for some beneficiaries.
Agency says firm improperly borrowed securities from other brokers
Commissioner said bottom line is that many of those criticizing agency are in favor of neither regulation or enforcement.
Let's call out these plans for what they are
Lee: 'There are opportunities to make it strong, and we have to seize them early'
Agency wants Lester Burroughs, a rep at Lincoln Investment Planning, to disgorge gains.
CEO Bentsen says states should defer to SEC's Regulation Best Interest.
But the SEC's proposal would require brokers to assess whether investors understand the risks — which might discourage firms from offering the products.
