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
Length of time for measure's review gives SEC, other regulators greater chance to get involved in setting advice standards.
Says states need to take the lead in securities investigations as Trump moves to cut back financial regulation.
Head of New York-based firm led scheme to sell shares at inflated prices, says regulator.
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.
Eighteen-month postponement further clouds the future of a fiduciary rule.
Louis Martin Blazer III of Pittsburgh, Pa.-based Blazer Capital Management was barred last year
Broker-dealers report paying hefty start-up costs and additional ongoing expenses, and are cutting the number of mutual funds they offer.
Indexed annuity distribution would have been upended in January, but a delay preserves the status quo.
Battle intensifies as DOL seeks to push off implementation until July 2019.
The approach leverages relationships with property and casualty insurance brokers.
Ex-AXA broker was fired by firm for misrepresentations in VA sales.
As the comment-letter deadline for the Labor Department's fiduciary rule hits, industry organizations warn of orphaned accounts.
Jay Clayton, chairman of the Securities and Exchange Commission, has a window of opportunity to work with the Department of Labor to establish a consistent best-interest standard of conduct that spans retirement and non-retirement accounts.
Edward Jones fired James V. Marino for allegedly taking $25,000 from client.
