Brokerage executives expect the industry to put up a fight against the rule, which they say will lead to a complex web of compliance.
Supporters hope Senate will move similar legislation to increase chances in lame-duck session
Only $4.9 million in restitutions were ordered during the first half of 2018, down sharply from the $38.1 million ordered in the same period in 2017.
At a public forum in New York, advisers ask for help understanding how new fiduciary standard applies in practice.
Rep. Stephen Lynch notes Dodd-Frank provision authorizing SEC to impose uniform standard 'no less stringent' than fiduciary duty.
Attackers allegedly impersonated independent advisers to gain access to VFA's online portal.
New Jersey is the first state to take action on a fiduciary rule after the DOL rule's death, but experts think other states will likely jump on board.
The Labor Department is responding to a recent executive order on retirement security from the president.
SEC complaint: John Gregory Schmidt sold securities from seven of his clients to cover shortfalls in 10 other accounts.
New regulatory executive Bari Havlik says firms doing things the 'right way' should see a 'lighter touch' on exams.
General counsel David Bellaire predicts final broker standard in 2019, but not Form CRS.
'Interstate profession' should be overseen at federal level, chairman says.
Activities cited include suspicious trading, questionable transfers, and potentially false and misleading statements.
The way we see it, there's value in simplicity — so let's start there.
Cost and interest are two reasons behind this stance, but there's more to it.
The SEC charged Frost with fraud earlier this month.
Agency's chairman says, 'We have work to do,' following investor roundtable in Baltimore.
Insurance executives back measure making it easier to add lifetime income features to workplace savings plans.
Wesley Kyle Perkins and Priscilla Gilmore Perkins, husband and wife owners of World Tree Financial, allegedly benefited themselves by handpicking the most profitable trades.
Ernest J. Romer III allegedly defrauded at least 30 of his clients, including elderly retirees and unsophisticated advisers.
