Prompted by the DOL fiduciary rule, LPL has told its hybrid advisers they can offer education and outline options, but cannot advise clients to roll over their funds into an IRA.
The organization's efforts are another signal that the fiduciary movement is picking up steam; advisers should let their opinions be known.
The SEC budget request for 2018 projects 1,044 full-time OCIE employees, down from 1,069 in fiscal 2017.
All-public arbitration panel says firm breached fiduciary duty.
Firm censured for inaccuracies and errors in OTC options reports from 2008 through this year.
He doesn't provide details, but says that he shares SEC Investor Advisory Committee's desire to help older investors know their advisers
Fidelity, Aon Hewitt and Xerox HR Solutions are currently defending against similar fiduciary-breach claims.
Workflow changes are a big challenge of the fiduciary rule, says Aite report
FSI and SIFMA criticize broker-dealer regulator for creating standards based on settlements.
The Labor Department's fiduciary rule and pending MEP legislation may drastically reduce entrenched inefficiencies at the smaller end of the retirement market.
The regulator undercuts its investor-protection mission by obscuring the most dangerous firms it oversees.
CFP Board revises its standards and aims to beef up fiduciary requirements of certificants.
House Speaker aims to ease doubts about likelihood of major tax overhaul.
Some question whether brokers will drop the CFP mark or if the CFP Board will strictly enforce its new standard.
The legal victories come as asset managers are under fire for their dealings with retirement plans.
Lisa McAlister, former chief accounting officer at the REIT once controlled by Nicholas Schorsch, said Mr. Schorsch instructed Mr. Block to commit accounting fraud in a particular financial line item.
A single standard would both protect investors and simplify regulation.
The bipartisan legislation aims to encourage saving by fixing a wrinkle in existing law.
Former exec says he repeatedly warned of accounting mistakes in REIT financials
The measure, effective July 1, requires advisers to disclose any "profit or commission" they receive and make a "diligent inquiry" about a client's financial condition and goals.
