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SEC rule resets regulatory landscape
Reg BI should serve as a ‘true north’ for state officials and other regulatory agencies that are working on their own standards
Will ESG be allowed in 401(k) plans?
Senior reporter Mark Schoeff Jr. joins senior columnists Jeff Benjamin and Bruce Kelly for the latest episode of the InvestmentNews Podcast.
401(k) lawsuit costs Fidelity $28.5 million
The settlement resolves a class-action case that alleged the firm breached its fiduciary responsibility to plan participants
State regulators propose restitution assistance for harmed investors
NASAA based its model rule on measures in place in Indiana, Montana, Vermont, Kansas and Maine
401(k) suits target Trader Joe’s, Costco, others
Litigation alleging that plan sponsors breached their fiduciary duty keeps coming
Finra reports 10% rise in 2019 compensation
The regulator warns broker-dealers of a gradual move to increase fees
Court orders RIA firm and founder to pay more than $2 million
SEC case charged that Connecticut-based Temenos Advisory put investor money at risk and concealed high commissions
Edward Jones files to create bank
The broker-dealer's Utah-chartered industrial bank could open in 2021
Firms, regulators, plaintiffs’ bar set to determine whether Reg BI protects investors
The SEC's new broker advice standard must be implemented Tuesday
Wells Fargo to cut its dividend
Other big banks are maintaining their dividend payments in the wake of new Fed restrictions
How Reg BI is changing the technology landscape
From multifunctional dashboards to an increase in demand for robo-advisers, the industry’s appetite for innovation has only increased with new regulation
DOL proposes new standard to replace vacated fiduciary rule
The agency says the measure will ensure financial advisers act in retirement savers’ best interests
XY Planning focuses on state fiduciary rules after losing Reg BI suit
XYPN co-founder Michael Kitces says the federal appeals court’s decision to uphold the measure could ‘embolden’ states
Fed discloses bond purchases
The central bank bought bonds issued by AT&T, UnitedHealth and Walmart
Federal appeals court upholds Regulation Best Interest
The 2nd Circuit rules the SEC acted within its authority to set new broker advice standard
New Fed rules put Wells Fargo dividend at risk
The restrictions relate bank dividends to recent earnings, and Wells Fargo's earnings slumped 89% in the first three months of the year
DOL sides with plaintiffs in CalSavers lawsuit
In a letter to a U.S. appeals court, the Department of Labor again argues that the state-sponsored auto IRA is preempted by ERISA
Advisor Group deploys electronic tools ahead of Reg BI
The broker-dealer network added eConsent and eDelivery tools designed with compliance changes in mind
Hightower estimates up to $1.2 million overcharge of college savings plan clients
Finra launched its investigation into 529 sales in 2019
401(k)s add COVID-19 cash-outs, few workers take them
Less than 5% of participants have taken distributions related to COVID-19, several surveys show