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Fed chairman predicts slow recovery for jobs market
Powell plays down the May jobs gain and suggests it will take years to get U.S. employment back to its pre-pandemic level
SEC approves Finra rule setting minimum fee for expungement requests
New floor of about $8,300 is meant to end the ‘$1 trick’ for brokers seeking quick clearing of records
Few use CARES Act to tap retirement savings
Even though plan sponsors are offering easy access to retirement accounts, few workers have taken advantage of that
Rising rates may lead to Fed yield-curve control, Gundlach says
DoubleLine executive's comments come as the spread between 5- and 30-year Treasury yields hits its steepest level since 2016
Why living-room lobbying may be here to stay
The pandemic has pushed trade associations to virtual meetings to make their case with lawmakers
What an RIA should think about if it’s considering disclosing a PPP loan
Examining the Securities and Exchange Commission's response to a question on this topic can provide some guidance
SEC bars adviser charged with fraud
Tamara Steele and her Indianapolis-based firm, Steele Financial, agreed to disgorgement of $845,760 and a $75,000 civil penalty
Finra’s fine proceeds to upgrade technology, track trading, educate investors
The self-regulator used $39.5 million in fines plus another $31.6 million from reserves for the initiatives
Court says fraud will cost Navellier more than $31 million
The SEC case alleged the firm and its founder knew, but didn’t tell, about misrepresentations of fund performance
Finra adds human resources officer
Rainia Washington becomes the lone African-American executive at the regulator
Private equity in 401(k)s? Not anytime soon
Very few plans include investments that use PE, and guidance this week from the Labor Department might not change that.
Finra orders Merrill Lynch to pay $7.2 million over mutual fund overcharges
The brokerage reimbursed customers a year ago, earning a break on sanctions for cooperation
SEC charges Florida RIA with second books-and-records failure
E*Hedge Securities, which was operating COVID-related investment websites, ‘does not appear qualified’ to register as internet adviser, the agency said
DOL encourages use of private equity funds in retirement plans
Investor advocates warn high-risk, high-fee investments could harm savers
Fund manager indicted over $68 million fraud scheme
Brenda Smith of Philadelphia diverted tens of millions of dollars from Broad Reach Capital, according to the charges
Raymond James sues Ohio National for $10 million in VA commission fight
Raymond James is the latest broker to join the tussle over compensation on the insurer's variable annuities
FSI fights SEC ‘rulemaking by enforcement’
An industry coalition filed a petition requesting the agency bring its staff 'guidance' in line with existing regulations on disclosing compensation for recommending mutual fund share classes
DOL sends revised fiduciary rule to Office of Management and Budget
After being stalled for months, the proposal has finally advanced and could be heading toward public release
Judges skeptical Congress mandated a uniform fiduciary standard rather than Reg BI
Plaintiffs in the lawsuit argue the SEC exceeded authority by giving brokers too much latitude on advice
Upholding the spirit of new legislation
Lawmakers have stepped in to provide relief to millions of Americans, but the laws come with unforeseen loopholes