Commission says Richard Duncan persuaded two clients to invest $300,000 in a scam.
If the legislation passes, advisers would have more opportunities to offer lifetime income options to plan sponsors and participants.
Investors allege that brokers used lump sum retirement payouts to buy high-commission products
The issue of marketing non-retirement-plan services by record keepers has cropped up in multiple recent lawsuits.
Plaintiffs claim the Northern Trust funds led to a 'swift and devastating blow' to participants' retirement savings.
The group disagrees with some of the Wall Street Journal's criticisms, but also notes steps it has taken to improve its disclosures.
As SEC moves toward easing rules on unregistered securities, advisers could become gatekeepers.
Steve Baptist has also been suspended for 30 days and was ordered to disgorge commissions.
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Those with clean records to be reviewed every four years, board member says.
Law taking effect Sept. 1 eliminates fee caps in place on some retirement products for teachers.
State will allow advisers to delay disbursement of funds in certain circumstances
Partisan split emerges over question of providing agencies more reach-back on fines
Claims that have resurfaced about a mutually beneficial financial relationship between MIT and Fidelity are similar to one in a prior case.
Owner of Laguna Financial Group says Schwab violated own conflicts policy for RIAs on platform
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Private placement firm's latest hurdle stems from the lack of financial reporting.
Traditionally the realm of multibillion-dollar 401(k) plans, recent lawsuits have targeted plans with as little as $188 million.
Regulation's language is similar to that of the Department of Labor's fiduciary rule.
The move follows reports that China is responding to U.S. president's threat of more tariffs.
