House likely to approve measure that effectively kills rule package, but it faces uphill battle in Senate
The settlement is notable due to the relatively small size of the company's plan.
As some Democrats campaign to wipe the slate clean, financial planners focus on limiting the amount students borrow.
Non-compensation costs have risen to 33% of total expenses, up from 26% in 2014.
Wirehouse advisers fear that they'll have less access to fixed-income investments in the independent space, but the opposite is true.
Advisers working for wirehouses and regional firms control vast amounts of assets that LPL would like to bring under its umbrella.
Four-adviser group in Lewes, Del., operates as MCH Wealth Management.
GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.
Plan also provides states $48 billion annually to eliminate undergraduate tuition and fees at public colleges and universities
Democrats want the Government Accountability Office to examine how brokerage and other financial firms' businesses have changed since the new requirements were vacated last year.
Financial pros argue that a transaction levy will hurt mom and pop investors along with investment houses.
Advisers don't want a replay of 2008 when clients bailed out of the advice industry.
What are brokers and advisers to make of all this? We may be a long way from knowing, but there's a lot to watch while we wait.
40 Under 40 award alumni discuss where they see the profession heading.
40 Under 40 alumni share their thoughts on where they see the financial advice industry going.
Seven portfolio managers share their outlooks for the rest of the year, generally agreeing that it's been hard for active managers to stand out.
Leadership is not easy, but adhering to these fundamentals will set you on a path to greatness.
For failing to credit discounts to customers, Citi will pay $377,000.
Court will determine remedies against Donald Fowler at a later date.
Giving by corporations, foundations, as well as individuals, fell an estimated 1.7%.
