Sens. Ben Cardin, D-Md., and Rob Portman, R-Ohio, have introduced the Retirement Security & Savings Act (S. 1770), which they believe will strengthen Americans’ retirement security and which is virtually identical to a bill they introduced last year.
The bill includes more than 50 provisions to help people set more aside for their retirement, help small businesses offer 401(k) and other retirement plans, expand access to retirement savings plans and provide more certainty and flexibility in retirement.
The bill text can be found here.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
