Fakahany was seeking $70M in claim against former employer; 'totally incorrect'
Maybe plain-English writin' ain't as easy as RIAs thought; better late than error
Claims David Becker and brothers inherited money from parents; $1.5M in question
It took a long time, but Kevin Carreno has been vindicated
The SEC deserves a pat on the back for eliminating the requirement that a securities industry representative sit on Finra arbitration panels. Still, its obligation to assure that investors get a fair shake in disputes with their brokers remains unfulfilled.
The Securities and Exchange Commission yesterday approved a Financial Industry Regulatory Authority Inc. proposal to give investor claimants the option of using all-public arbitration panels.
Now that the Senate has approved a ban on patents for tax strategies, proponents are turning their focus to the House
Southwest Securities Inc., the Dallas-based brokerage fined this month over payments to municipal-bond advisers, will pay $650,000 to resolve claims over improper short sales that caused a $6.3 million loss for the firm.
Research shows that one in seven cases dismissed; fines often lowered
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system
The disclosure and use of financial derivatives by financial firms is the biggest concern of the nation's leading financial analysts
Service providers have an additional six months to prepare for plan fee disclosure regulations, and it seems that broker-dealers will need all that time
If two House hearings last Thursday were any indication, the Securities and Exchange Commission faces an uphill battle in winning approval for its $1.4 billion budget request — including the $300 million increase it says it needs to fulfill its core mission and its Dodd-Frank obligations
Head of commission says GOP proposal would lead to big reduction in number of firm audits
Financial adviser training and compliance expenses could spike for broker-dealers of all sizes — and become especially burdensome to smaller firms — if the Labor Department applies its proposed fiduciary rule to individual retirement accounts, observers say.
The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its new director of investment management, marks the first time in decades — if ever — that the agency has named an industry executive with no legal background to the position.
Retirement plan clients seem to want it all — and these days, they're asking plan advisers what they can do for their participants in terms of guidance.
