Only 6% of reps with checkered backgrounds were placed on heightened supervision by their broker-dealers, according to a new report.
Though Andrew Puzder, a fast-food CEO, has not weighed in on the regulation, his conservative leanings on employment policies indicate he probably won't embrace it.
Some people turned away by their brokers are contacting mutual funds for help, fund trade group official says. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20161205/FREE/161209971/betterment-presses-trump-to-keep-dol-rule" target="_blank">Betterment presses Trump to keep DOL rule</a>)</b></i>
The former commissioner began a seven-year stint just as the financial crisis began.
Legislation is being considered to continue a stalled Labor Department effort to require income illustrations on retirement account statements.
Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
Sailing through the chamber, bill includes changes to who is considered a sophisticated investor eligible to participate in private placements.
The plaintiff, who had alerted the SEC to alleged lax security over customer data, claims her former employer's actions were "retaliatory."
Ad campaign suggests robo-adviser is ready to battle for fiduciary standard.
Awards for damages tied to the island's debt crisis continue to climb this year.
Many believe it is aimed at broker-dealers, but they could be in for a rude awakening
The left side of the aisle is likely to hold together well enough to ensure the rule is modified rather than taken off the books.
Morgan Stanley, Ameriprise Financial, Raymond James and others are finally showing their cards.
Strategists at Matthews Asia believe turbulent times could be ahead.
Regulator said fund company misled investors about the performance of its actively managed Total Return ETF.
The architect of the Department of Labor fiduciary regulation claims it is already paying dividends by lowering costs for investors &mdash; and isn't going away.
Given the political, procedural and business dynamics at play, it would be imprudent to cease or even slow down compliance efforts.
The insurance industry group wants the April 10 applicability date of the rule extended while it pushes the case up the court chain.
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray &mdash; so far.
