Former head of two microcaps worked with boiler room operator whose agents pressured investors and promised them lucrative profits.
Firms may be losing the battle against the Labor Department's fiduciary rule for retirement advice, but they are still framing the debate around it — to the agency's chagrin.
B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
Finra has been unable to find a way to ensure investors get paid what they are owed.
The adviser and radio show host had challenged the right of the SEC to use administrative law judges to hear cases such as his.
Investment adviser and talk radio host Ray Lucia Sr., whom the SEC had fined and barred from the industry for allegedly misrepresenting a retirement investment strategy may have received a boost in the form of a split decision on his appeal.
In many cases, financial advisers feel more strongly about keeping a candidate out of the White House than voting one in.
New regulatory environment calls for a more holistic evaluation process.
Plus: Trump would dump Yellen, bracing for the next housing bubble, and 401(k) realities that should not be ignored
The DOL fiduciary rule and competition from robo-advisers will continue to result in pricing pressure.
The Financial Services Institute is pleased to see the regulator putting forward a broad-ranging slate of common-sense improvements, writes FSI CEO Dale Brown.
Introduction of bill to kill Treasury's rule curbing tax-planning strategies comes as Hillary Clinton announces an increase to her top estate-tax rate.
The retirement industry has increasingly called for open MEPs as a way to close the coverage gap in the private sector, and recent congressional moves make them a strong likelihood.
Legislation also would require defined-contribution plans to make lifetime income disclosures, and allow small employers to combine plans.
Selection process will be like a suitability standard on steroids, requiring an analysis like those done by a financial planner.
Independent broker-dealers expected to be hardest hit, with a 22% loss in revenue.
A financial scandal showing harm to the unsuspecting public — even if conducted outside the advice industry — will live on in the minds of voters and politicians.
