Measure likely to continue in partisan advance in House, but could stall in Senate.
Board advances proposals to amend membership applications to allow the regulator to scrutinize troubled brokers, pending monetary awards.
Dick P. Wollman was fired by Horace Mann Securities for failing to disclose his indictment and barred for not cooperating with Finra's investigation into his termination.
Chairman and CEO of the bank that contains Merrill Lynch says the DOL regulation is part of a larger trend in financial services.
Finra panel orders VectorGlobal WMG to pay damages involving the recruitment of former Citi brokers and the use of confidential information.
Little has been said about prudent recommendations to transfer an IRA from another firm to the adviser's firm.
One is a vote on a bill to kill Labor's rule and replace it with a disclosure-based best-interest standard, while the second is legislation to prevent funding for enforcement of the regulation.
Both sides claim they're doing what's best for the average investor.
A recent district court decision has implications for how retirement plan sponsors should monitor their adviser.
Bill's sponsor, Republican Rep. Ann Wagner, still hopes to get bipartisan support.
Broker-dealer hasn't yet determined whether the platform will be mandatory when it launches next year, given the fluid regulatory environment.
Regulator censured the firm for failing to maintain copies of messages.
The custody rule can put unnecessary burdens on both the adviser and the client.
Concern about 'Rothification' as part of larger tax reform spurs lobbying.
In his first major speech as agency chairman, he says a guiding principle is 'long-term interests of Mr. and Ms. 401(k).'
Legislation would require brokers to 'avoid, disclose or otherwise reasonably manage' conflicts of interest.
Claimants wanted $3 million for alleged fraud, churning and negligence in bond trades
Though the House version would repeal the 3.8 percent tax on net investment income and 0.9 percent Medicare surtax, the Senate is trying to win over moderate holdouts.
The settlement, if approved, would be among the largest in cases alleging enrichment due to use of proprietary investments.
The plaintiff claims the plans were "loaded" with proprietary mutual funds, and 98% of the investable assets were held in company-affiliated investments.
