Displaying 10199 results
James Lee begins term as 2023 FPA president
Lee plans to focus on advancing the FPA's mission of title protection for financial planners.
Finra proposes to Illuminate arbitrator selection process
The measure codifies Finra's practice for vetting arbitrators for conflicts of interest, and it requires a written explanation when a challenge to an arbitrator's seating is granted or denied.
How to scale and avoid disclosure violations using automation
The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
BlackRock, Citigroup among firms named as fossil-fuel boycotters by Kentucky
State legislation requires state entities to divest from firms on the list, with certain exceptions.
SEC meets strong industry resistance on advisor outsourcing proposal
Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
Finra smacked 15 firms over GPB sales in 2022
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
Bob Doll’s predictions for 2023 paint less scary picture of year ahead
His 10 calls for this year suggest a smoother ride for the markets that could depend on more action from Washington.
Finra dings Morgan Stanley $802,000 for overcharging clients
Morgan Stanley was penalized for failing to catch excess sales charges and fees from mutual fund transactions between 2015 to 2021.
Advisers anticipate retirement-planning flexibility SECURE 2.0 offers
On first glance at the comprehensive legislation, increasing the RMD age and boosting catch-up contributions are popular.
Rep monkeyed around with client information to sell more GPB: Finra
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
GWG bondholders tee up lawsuits against broker-dealers, executives
GWG was a 'classic Ponzi scheme,' according to a group representing investors.
Omnibus includes index-linked annuities legislation, other stocking stuffers
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
Lawmakers include SECURE 2.0 in federal spending bill headed toward approval
The measure contains 92 retirement savings provisions — including increasing the RMD age, raising catch-up limits and expanding automatic enrollment — that give Republicans, Democrats and the financial industry plenty to love.
Wells Fargo to pay $3.7 billion for mistreating customers
The bank's settlement with the Consumer Financial Protection Bureau deals with a variety of allegations and includes a $1.7 billion fine that's the biggest in CFPB history.
There’s no simple approach to complex products
As financial advisers turn to complex products to help clients navigate volatile markets and rising interest rates, regulators are scrutinizing the investments more closely than ever.
Automatic e-delivery of investment documents gains bipartisan support
Legislation that would make electronic investor communication the default method for disclosures sends a message this year, but will have to be reintroduced next year.
The ESG rule, the SEC and sustainability
If SEC Chairman Gary Gensler can engage with potential opponents while keeping advocates on the SEC’s side, ESG could score more policy wins next year.
Raymond James ordered to pay $12 million to Texas plane crash families
The pilot, Jeffrey Weiss, had been a financial adviser with Raymond James & Associates in Houston.
Blackstone nontraded REIT prompts SEC queries
After the Blackstone Real Estate Income Trust and the Starwood Real Estate Income Trust limited redemptions, the SEC reached out to both firms to try to understand the events.
CFP Board opposes FPA on title protection effort
CFP Chair Kamila Elliott said the current political environment would make it too difficult to obtain legal recognition of financial planning.
