Initial implementation of the rule is currently scheduled to begin in April.
Supervisor left firm amid an internal review of her performance and then declined to testify during a Finra investigation.
Massachusetts' William Galvin charged the nation's largest independent B-D with failing to supervise a top-producing broker who allegedly committed fraud in selling unsuitable VAs.
Admits to stealing money from a family's trusts that he was managing and using it for personal expenses. <b><i>(Related read: <a href="//www.investmentnews.com/article/20160519/FREE/160519910/massachusetts-investment-adviser-gregg-caplitz-sentenced-to-prison"" target=""_blank"" rel="noopener noreferrer">Massachusetts investment adviser Gregg Caplitz sentenced to prison for fraud, SEC says </a>)</b></i>
Bruce S. Horowitz charged big upfront fees but never invested any of his clients' money, the Massachusetts regulator claims.
The hedgie, famous for comparing the DOL fiduciary rule to the Dred Scott decision, may be going to work for Donald Trump.
Both former brokers settled and refused to testify.
The regulator said Anthony Mastroianni Jr. churned an elderly client's account at two different brokerages.
There will be a variety of desired and unexpected consequences of the DOL fiduciary rule.
Regulator looking into incentives firms are offering employees to promote bank products of an affiliate or parent company to retail brokerage customers in wake of Wells Fargo scandal.
Only 6% of reps with checkered backgrounds were placed on heightened supervision by their broker-dealers, according to a new report.
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>
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.
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.
The plaintiff, who had alerted the SEC to alleged lax security over customer data, claims her former employer's actions were "retaliatory."
Sailing through the chamber, bill includes changes to who is considered a sophisticated investor eligible to participate in private placements.
Ad campaign suggests robo-adviser is ready to battle for fiduciary standard.
