Meanwhile, few brokerages and their trade associations, which blasted the DOL's fiduciary rule in comment letters, are responding to the CFP Board's proposal.
The claim against defunct broker-dealer EDI Financial Inc. highlights a growing problem of unpaid arbitration awards.
Regulator was looking into charges that broker forged customer signatures.
The worst outcome would be if the regulation is gutted after the review.
Lawyer says it was 'slimy' of Finra to publicize the case while it was still being litigated
In the case of investor Peter Deutsch, Fidelity doesn't have to pay any compensation, but regulator said firm put its interests ahead of his.
The more comprehensive the view of client finances, the more prudent the advice.
Ms. McAlister 'manipulated and falsely reported' a key financial metric, agency charges.
After a decade of activity around the lawsuit, including a hearing before the U.S. Supreme Court, judge rules a prudent fiduciary would have invested in institutional shares.
RIAs can enter '0' in some new parts of the document before their annual filing next year.
A central argument against the DOL fiduciary rule is that investors with smaller accounts will be abandoned. But many advisers stand ready to serve them.
What if a human adviser dispensed portfolio recommendations based solely on the answers to 10 or 12 written questions?
Craig Price claims he was fired for speaking up about the abuse of a trust fund.
Brokerage firms, the group most affected by a rule delay, would likely put off big projects around adviser compensation and trimming investment products.
Agency says manager overcharged funds $1.5 million
Says states need to take the lead in securities investigations as Trump moves to cut back financial regulation.
Length of time for measure's review gives SEC, other regulators greater chance to get involved in setting advice standards.
The Financial Industry Regulatory Authority Inc. and FSC Securities last Thursday announced that the firm will pay a $100,000 fine and $492,000 to clients.
Head of New York-based firm led scheme to sell shares at inflated prices, says regulator.
Eighteen-month postponement further clouds the future of a fiduciary rule.
