Study on the price tag of applying fiduciary rule to IRAs shows huge costs, diminished access and service
The Oppenheimer Holdings solicitation allegedly overstated the value of holdings in the Global Resource Private Equity Fund, described in a private placement memorandum as a fund of funds intending to invest in natural resource-related companies.
Supporters of a bill that would eliminate the estate tax are touting the fact that the legislation has attracted more than 200 House sponsors. But for now, this measure serves mostly as a Republican political statement. Democrats are making their own noise with tax bills that probably won't go anywere this year.
Renee Marie Brown faces 20 years in prison for hawking bogus bond fund
Elderly couple awarded $1.4M for claim over tenant-in-common exchanges; were seeking $8M
Judge finds for claimant in $5 million stoli benefits payment from Lincoln National Life
Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed
Failure to reform money-market funds would be a mistake: Economist panel
GOP relying more on financial analysis than legislation to slow industry reform
Donnan and partner convinced coaches, ex-players to invest in merchandise scheme, commission claims; worked as college football analyst for ESPN
Delaplane tells advisers he's not optimistic that 'grown-ups' will prevail on Capitol Hill
New research from industry groups shows that macroeconomic events are more to blame for volatility than exchange-traded funds
The American Society of Pension Professionals and Actuaries and its sister organization The Council of Independent 401(k) Recordkeepers have asked the Labor Department for more time to meet enhanced fee disclosure requirements.
Group storms Capitol Hill to protect retirement savings vehicles
Goldman Sachs failed to implement policies to keep its stock analysts from tipping select clients about upcoming research changes, SEC says.
Insurer to pay nearly $10M to close case; states claim carrier had commission arrangement with Uvest, ProEquities
A Finra arbitration panel has awarded a couple $2.1M over unsuitable tenant-in-common exchange investments
The Financial Services Institute Inc. is planning to finance its beefed-up lobbying efforts with big dues increases to its broker-dealer member firms.
