Investment advisers might assert unfair competition if 'best interest' and 'fiduciary' terminology merge while standards differ.
Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.
The trade association representing major brokerage firms spent $6.6 million in 2018.
Bank was found guilty of helping French clients hide assets from tax authorities.
The VAs are at the heart of an ongoing dispute with brokers and broker-dealers over canceled trail commissions.
Penalties dwarf what bank set aside for legal issues and exceed earnings for all of last year.
Lower fees will help you sustain your business and fulfill your fiduciary duty
Franklin Templeton settlement is among the largest in recent self-dealing cases.
An acquittal would undercut PNF credibility because of large fines requested.
With income thresholds higher and a lower SALT deduction after tax reform, the AMT will realistically only apply to wealthy Americans with out-of-the-ordinary tax events.
Investor advocate calls insurance proposal weaker than existing broker suitability standard
CEO Geoffrey Brown: 'The SEC's proposal is misleading and confusing for consumers.'
These next-generation leaders are raising their voices and gaining influence over financial advice regulation and legislation.
Investment Adviser Association works to preempt bias toward passive funds in retirement legislation.
Advisers wonder what the lack of a formal brokerage agreement means from a regulatory standpoint.
IBD agrees to repay customers $1.9 million in addition to a $225,000 fine
Arbitration claim accuses well-known adviser of actions that resulted in excessive fees.
He pleaded guilty to securities fraud in 2017; charged clients excessive commissions.
Floyd Powell received $104,000 in commissions from the transactions.
Enhanced level of accountability is necessary to weed-out bad actors that tarnish industry and harm investor confidence.
