Veteran returns from Wall Street to the agency where he previously served as head of investment management, could assist with considerations around fiduciary standard.
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
<i>Breakfast with Benjamin</i>: Teaching economics to a presidential contender isn't easy. Unless the economic advisers agree with the preconceived views of the candidates, the relationship can be testy and useless.
In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.
The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of <a href="http://www.investmentnews.com/article/20140902/FREE/140909990/sec-charges-investment-adviser-with-fraud-for-not-telling-clients-of" target="_blank">not informing clients</a> they were paid by Fidelity Investments to sell certain mutual funds.
Financial planners are mixed on the presidential contender, citing his fiscal and social conservatism.
The proliferation of digital platforms puts added emphasis on due diligence.
Accountability, exams and disclosures on the agenda of candidate for SRO's midsize-firm board seat.
A so-called summary prospectus would provide information about the risks, costs and benefits of the complicated products in a streamlined manner.
Citigroup has agreed to pay $180 million to settle charges tied to two hedge funds the SEC said were improperly marketed and sold by private bankers and Smith Barney brokers.
Finra examiners should adhere to a code of conduct when reviewing member firms, Stephen Kohn, a candidate for the SRO's small-firm board seat, asserts. <b><i>(Don't miss: <a href="//www.investmentnews.com/article/20150707/BLOG09/150709942/three-reform-initiatives-that-finra-should-embrace"" target=""_blank"" rel="noopener noreferrer">How to make Finra work: Kovack</a>)</i></b>
A 68-year-old widower claims wirehouse did insufficient due diligence on the troubled money manager.
DOL should craft an exemption for when a fiduciary retirement plan adviser is called on to assist with a rollover decision
Three contenders had to work way onto ballot, want reform in exams and arbitration
<i>Breakfast with Benjamin</i>: The nation's biggest banks, like JPMorgan Chase, are lumping their broker-dealer units in with other 'non-essential' operations.
Thomas M. Rampulla's return to the U.S. comes after the firm recast itself as a patron of an industry that once saw it as a threat.
U.S. District Judge Richard Berman ruled Monday that a legal challenge to the SEC's handling of enforcement cases through administrative proceedings will be allowed to proceed
U.S. district judge says regulator many not have authority to divert cases from regular courts.
The court underscored the critical importance that persons entrusted with the assets of others cannot simply make the initial investment decision and walk away.
Finra chief Richard Ketchum says the regulator has put its CARDS proposal on hold but hasn't given up on the plan despite heavy pushback from critics.
