Displaying 10194 results
Mariner Wealth linked to American Century’s rigged hiring scheme
The companies 'explicitly agreed not to hire or recruit each other’s asset and wealth management professionals,' according to a lawsuit.
SEC passes climate rule that leaves no one happy
Scope 3 emissions excluded, commissioner says steps forward are 'bare minimum.'
SECURE 2.0 Saver’s Match could help 21.9M Americans
Using federal tax data, EBRI offers a ‘starting point’ to estimate the retirement program’s impact on lower-income workers when it starts in 2027.
Industry awaits an answer on proposed donor-advised fund regulations
Last November, the IRS proposed regulations that would fundamentally redefine DAFs.
Senators introduce bill promoting e-delivery of investment documents
The bipartisan legislation to encourage electronic delivery is broadly welcomed but advisor expresses reservations.
California governor backs best-interest bill for annuity sales
Gov. Newsom’s signing of SB 263 makes California the 44th state to adopt the NAIC's controversial model for annuity transactions.
Ameriprise bracing for $50 million penalty over messaging
'There's no rhyme or reason regarding how these penalties are determined,' one industry executive says.
IRS targets those with high incomes who haven’t filed tax returns, some since 2017
The amount of unpaid tax is estimated to be hundreds of millions of dollars.
SEC announces new director for investment division
Natasha Vij Greiner has been with the regulator for two decades.
Social media scams, crypto fraud on the rise: NASAA report
State securities regulators investigated 8,538 cases in 2022, up from 7,029 in 2021, according to the report.
Minnesota advisor charged in alleged $1.6M wire fraud
An FBI investigation finds the advisor embezzled money meant for clients’ investment accounts to finance her house-flipping business.
New Fidelity benefit aims to help relieve student loan burden
The program enables employers to match workers' student loan repayments with contributions to their 401(k) accounts to help them save for retirement while paying down student debt.
Michigan workers could gain retirement lifeline with auto-IRA proposal
The state is the latest to move to fill the gap in employer-sponsored retirement programs.
Don’t rush to open private equity floodgates
Change is in the air over what constitutes an accredited investor but how far should the industry go?
SEC wants LPL to pony up $50 million over messaging apps, texts
'The large size of such fines underscores the point that regulators want this behavior to change quickly,' a compliance executive notes.
Financial crime compliance costs reach $61B for financial institutions
LexisNexis report reveals almost all firms in the US and Canada are affected.
SEC bars financial advisor indefinitely
Connecticut-based Andrew Komarow had been barred by Finra in June.
A government site for all your 401(k) data?
The Government Accountability Office wants Congress to mandate a national 401(k) dashboard.
‘Legal’ insurance tax break blasted
Senate Finance Committee targets private placement life insurance as a 'booming tax dodge' for the wealthy.
Regulatory change could bring ‘thousands’ of new ETFs
A number of other asset managers have asked the SEC to allow them to replicate the fund model, used exclusively by Vanguard for more than two decades, that lets an ETF be listed as a share class of a broader mutual fund.
