That move would take off the table a common challenge brought by defense attorneys: that hiring judges is unconstitutional.
Unusual number of variables in the New Year.
Even opponents of the DOL rule appear to be zeroing in on titles that cause confusion with the investing public.
The bill would delay the fiduciary rule's implementation two years from the time the legislation is enacted.
Plaintiffs had alleged company was imprudent in continuing to offer company stock as an investment option after it had declined in value.
The agency's Division of Investment Management provides guidance on how to communicate changes to sales loads that level compensation for brokers.
Two large independent broker-dealers are latest to retain commission structure. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
Investors Capital is in the process of closing down and moving its advisers to another Cetera firm.
The judge dismissed claims of fiduciary breach under ERISA, largely falling in line with judgments from similar cases.
Jay Clayton, who specializes in securities transactions at law firm Sullivan & Cromwell, would likely serve as a "capital-raising facilitator dealmaker," according to a former senior enforcement counsel in the SEC Miami office.
Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
Companies affiliated with Wells Fargo & Co. received the largest of the penalties assessed by the regulator, which has been pursuing a broader crackdown for cybersecurity failures.
The regulator cited a broad breakdown with the firm's failures to supervise client and adviser information.
New T shares would feature a uniform 2.5% front-end load and a 0.25% trailing 12-b(1) fee.
Copycat lawsuits targeting 403(b) plans, as well as litigation probing a fiduciary's duty to monitor investments, the DOL fiduciary rule, church retirement plans and cybersecurity issues are likely to crop up this year.
Ms. Yang would be the second consecutive former federal prosecutor to lead the regulator, and, like current chairwoman Mary Jo White, would likely focus more on enforcement than policy making.
Financial advisers are feeling heightened pressure from regulators and clients, Natixis finds.
Benchmarking tool will help advisers show reasonable compensation, firm says.
Bills to expand the pool of investors eligible to buy unregistered securities, make it easier to put annuities in 401(k)s and stop a Treasury Department rule changing estate valuations are likely to be revived.
The group of six brokers are joined by 325 confirmed African American brokers or trainees at the firm. There could be another potential 200 class members.
