The DOJ had until Monday to appeal a split decision in the 5th Circuit Court of Appeals that struck down the regulation. Does that mean it's dead?
Agency clarifies in FAQs that it will not impose a civil monetary penalty, but will require advisers return 'ill-gotten gains' to clients.
Unless Howard Present pays $12.4 million in penalties, interest and disgorgement, he can't be reinstated
The Labor Department's more aggressive stance has made the tasks of finding missing retirement plan participants more demanding.
Proposals would allow restrictions and supervison to be imposed while disciplinary action is still being decided.
But dually registered advisers back the regulator's effort to get broker-dealers out of their hair.
Payment would settle class action filed by current and former reps over commissions, expenses.
The centerpiece of the proposal, the Regulation Best Interest rule, is not fiduciary and isn't uniform.
Regulator has chalked up some welcome changes, but the work is not done.
Despite having made some changes, calls for more open meetings persist
A year after launching its self-examination, the regulator is getting both praise for its efforts and calls for more concrete results.
Wilson Dennis Colberg-Trigo awarded $1.2 million, but owes $854,000.
Fund company says Stacy Schaus was paid well, but was an 'ineffective' manager.
Bipartisan effort focuses on ways to improve private retirement benefit programs.
Potential pitfalls include lack of detail on best-interest standard, demarcation between sales and advice.
Massive interest group has concerns the Labor Department will not request a rehearing of its vacated regulation by April 30 deadline.
The state attorneys general and AARP are asking for the full 5th Circuit Court of Appeals to rehear the case.
However, he believes they also deserve a different standard of care from investment advisers.
She claims LPL informed her previous broker-dealer prematurely that she was leaving the firm.
NASAA report finds broker-dealers are better informing investors.
