The 10 cases brought by the organization also include loans to clients, falsifying standing as a CPA and inappropriate investment advice.
Many advisers dissatisfied with their current broker-dealer and anxious about how well they are positioned in a post-DOL landscape are still hesitant to make a move.
It's difficult to count on the grandfathering exemption if advisers plan to make ongoing recommendations in an acccount.
Significant changes to the rule address practical impediments, proving DOL good on its word.
State claims former broker overloaded his clients with energy stocks.
U.S. Chamber of Commerce, SIFMA, FSI, IRI and the Financial Services Roundtable are lining up against the controversial rule. The suit may be filed as early as Thursday.
But some fee-only advisers say CFP Board should admit that mark holders who receive commissions have conflicts with the best-interest standard.
The assistant Labor Secretary used her moxie, her might and her friends in high places to raise the standards for providing retirement advice. </br><b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The fiduciary rule covered from every angle</a>)</b></i>
Asserts he accepted $244,000 from a friend to help him conceal assets that creditors sought to claim.
Advisers keeping their distance from high-flying pot stocks.
A Finra arbitration panel sided with the estate of Roy M. Speer, the co-founder of the Home Shopping Network, saying the brokerage churned his account and violated a law against exploitation of vulnerable adults.
United Development Funding IV's stock price has dropped 81% in the past two months after a hedge fund alleged it was operating like a Ponzi scheme
Proposal from FinCEN would have investment advisers monitor and report questionable activity under the Bank Secrecy Act.
Faces both criminal and civil charges for allegedly funneling $500,000 of the $800,000 he allegedly scammed from investors to his brothers.
Claim alleges Fidelity 'wanted a piece of the action' when Financial Engines was hired to provide plan advice.
Schwab recently brought RIAs to Capitol Hill as part of the Investment Adviser Association's Lobbying Day to boost lawmakers' awareness of the profession.
The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades. <i><b>(More: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener">The DOL fiduciary rule covered from every angle</a>)</b></i>
The board agreed to modest reforms to its arbitration system based on recommendations by a special task force set up to examine it.
The suits allege that money market funds were imprudent investment choices given that their returns were lower than stable value funds.
The legislation is based on a program in her home state of Maine, where 50 referrals have been made on suspected abuse within two years.
