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SEC charges RIA with making false statements about its finances
Marietta, Georgia-based Lindner Capital Advisors and its principal were also charged with compliance deficiencies
SEC charges Texas adviser with $1.1 million fraud
Clifton Curtis Sneed Jr. lied about his credential and criminal past when he pitched high-return investments to church members
New Jersey millionaires’ tax could drive rich clients to relocate
The hike Gov. Phil Murphy signed into law moved rates from 8.97% to 10.75% for $1 million-plus earners
Why 401(k) adviser RFPs have not taken off
RPAs should be concerned because without professional guidance, plan sponsors might think that price is the most important criterion when selecting an adviser
Joe Biden will end your retirement plan as you know it
Instead of changing the way taxes on 401(k) plans work, we should build on the bipartisan success of the SECURE Act
JPMorgan pays $920 million to settle spoofing claims
Bank will pay the biggest monetary penalty ever imposed by the CFTC to settle claims it manipulated markets in metals futures and Treasuries
MGM Resorts, Duke Energy face 401(k) lawsuits
The cases are the latest in a busy year for ERISA litigation
SEC warns of ‘credential stuffing’ cyberattacks
Criminals are increasingly gaining access to login credentials by using programs that troll the dark web for usernames and passwords
The SEC’s adoption of e-delivery is well overdue
The commission must consider carefully the interests and needs of all investors
When finance gets political
If you’re being yelled at by acolytes of either extreme, then you’re doing it right
Precious metals dealers charged in $185 million elder fraud scheme
The unregistered advisers allegedly convinced retirees to put savings into overpriced gold and silver bullion
Adviser bilked more than $100,000 from investment partnerships: SEC
The regulator is seeking permanent injunctions against Oscar Haynes Morris Jr. and his RIA Lakeside Capital Partners
Here’s why advisers think Joe Biden’s 401(k) tax plan will spur Roth contributions
The Democratic presidential nominee would convert retirement savings tax deferrals to tax credits
Complying with state senior reporting statutes
Firms must consider the interplay between different reporting laws in each state to maximize their immunity
State regulators flexed enforcement muscle in 2019
The NASAA report shows last year produced the most actions taken and money returned to investors in five years
B-Ds may be more likely to recommend complex products than RIAs
The NASAA report analyzed the results of a benchmarking exam taken prior to implementation of Reg BI
Finra proposal to tighten expungement process heads to SEC
The rule would establish a special roster of arbitrators for expungement and set deadlines for requests
Mutual of Omaha settles ERISA lawsuit for $6.7 million
The agreement would end the class-action suit brought in early 2018
Trade groups join push for e-delivery of investment documents
SIFMA, Investment Adviser Association, and others, are pushing the SEC to make electronic delivery the default option
COVID-19 401(k) loans end with a fizzle
Workers were mostly uninterested in the expanded $100,000 loan limit, according to recently released data