The regulator also ordered John Leo Valentine to pay $140,000 in civil money penalties
'Dred Scott' comments by the SkyBridge Capital executive 'are so at odds with the DOL rule, law, logic and basic human decency, they demand a rebuke.'
Plus: The dollar spikes as the ECB stays loose, big companies supporting small companies, and health insurance companies turn a blind eye to climate change
Plus: Investors think the Fed will hike in December, here come the boring post-DOL portfolios, and now is a good time to ask for a raise
Passive funds, ETFs attract fee-based advisers to fund giant. <b><i>(Related read: <a href="//www.investmentnews.com/gallery/20160906/FREE/906009999/PH/9-facts-that-make-vanguard-the-king-of-mutual-funds"" target="”blank"" rel="noopener noreferrer">9 facts that make Vanguard the king of mutual funds</a>)</b></i>
Twitter followers respond to the candidates' positions in the final presidential debate before the Nov. 8 election.
System doesn't include reasons for advisers' employment termination and other details public needs before deciding who to hire, a new report found.
Broker-dealers can try shielding themselves from risk as much as possible, but lawsuits are inevitable and could prove difficult to defend, attorneys said.
Industry conversation is now turning to the regulation's impact on M&A activity.
Bonuses were tied to getting clients to open loan accounts, which went against the firm's internal prohibition on such initiatives. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20161003/FREE/161009986/former-morgan-stanley-broker-barred-for-unauthorized-borrowing-from" target="_blank">Former Morgan Stanley broker barred for unauthorized borrowing from clients</a>)</b></i>
Winston Wade Turner misrepresented facts in high-cost annuity transactions.
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
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Vanguard and BlackRock get biggest inflows.
The firm will announce details of its strategy to comply with the DOL fiduciary rule in the next two weeks. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>
Skybridge Capital executive's outspoken comments &mdash; including a comparison to the 1857 Dred Scott decision &mdash; sparked a debate on social media.
Many plans don't offer annuities, and those that do see little participant uptake, but more regulatory clarity, better products and heightened interest will likely lead to greater prevalence.
Advisers can improve client outcomes and make their own lives easier by practicing one or two new techniques.
The Skybridge Capital executive says the regulation diverts too much capital into low-cost passive funds, and he compares it to the 1857 Dred Scott decision. <b><i>(More: <a href="http://www.investmentnews.com/article/20160925/FREE/160929970/hillary-clinton-vs-donald-trump-who-are-you-voting-against" target="_blank">Hillary Clinton vs. Donald Trump: Who are you voting against?</a>)</b></i>
The best practices program will require advisers to charge reasonable fees and disclose them.
