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Fidelity survey finds advisers still focusing on DOL rule implementation
Almost half of advisers haven't slowed their compliance plans despite talk of delays
Hamilton ticket investor sues BD over its due diligence in alleged $81 million Ponzi
Adam Blank on Monday filed the lawsuit in U.S. district court, southern district of New York against Tripoint Global Equities, related entities and executives. Mr. Blank, and associated trusts, made $1.5 million in investments into the alleged scheme.
Senator Elizabeth Warren tells acting DOL secretary, ‘Financial firms back fiduciary rule’
Twenty-one firms have responded to a Jan. 19 letter challenging them to resist the Trump administration's efforts to stop the regulation, Ms. Warren told Acting Labor Secretary Edward Hugler.
Most advisers’ cybersecurity training insufficient
Firms would be better off with shorter, more frequent sessions for employeees
Trump executive order may prevent guidance on employee benefits issues
An order aimed at reducing regulation and controlling regulatory costs could sow confusion over issues such as executive compensation and the fate of planned rules affecting employer retirement plans.
Former Wells Fargo Advisors rep barred by Finra for excessive trading in elderly client’s account
The level of trading was unsuitable for the client given her age, risk tolerance and income needs, according to the regulator.
Fiserv to offer robo to its adviser, bank clients
Fintech firm will make the Marstone digital-advice platform available to the 13,000 financial institutions it works with.
What will the estate tax look like under Trump?
The new president wants to get rid of the tax, but details are sketchy, leaving estate-tax planning in limbo. (More: Estate-tax flux could boost grantor trusts)
What’s next for the DOL fiduciary rule
President Trump's initial draft memo, later revised, may have spelled out the administration's coming plans: to delay the rule for six months and seek a stay in the legal proceedings.
Dodd-Frank repeal could lead to big changes for indexed annuities
Scrapping or revising the law could lead to the disappearance of the Harkin Amendment, which would pave the way to indexed annuities being classified as securities rather than insurance products.
Trump to order halt of fiduciary rule, review of Dodd-Frank
Delaying implementation of the Labor Department rule is the first step Republicans and the finance industry are eyeing as part of a broader overhaul of the measure.
Despite new review of DOL fiduciary rule, firms are sticking with higher standard of care
Many broker-dealers — including Merrill Lynch, Morgan Stanley and Wells Fargo — are preparing for the changes in operations the rule would have created. Plus: Advisers react to Trump's DOL rule decision
Final Trump memo lacks explicit directive to delay DOL fiduciary rule
A final version of the document does not direct the DOL to delay the rule for six months, nor does it tell the agency to consult with the Department of Justice to seek a stay of the litigation surrounding the rule.
DOL fiduciary rule delayed 180 days by Trump directive
The move scrambles the fierce six-year battle over the rule, which would require financial advisers to act in the best interests of their clients in retirement accounts. Plus: Advisers react to Trump's DOL fiduciary rule decision
Most advisers think the industry will continue down a fiduciary path despite rule delay
President Trump's decision to halt the DOL fiduciary rule drew mixed reactions from industry professionals.
Elderly investors win $1.25 million Finra arbitration over failed medical start-up investments
The claimants alleged the Connecticut investment bank negligently supervised its broker.
What you need to know now about Trump’s plan to halt DOL fiduciary rule
The DOL is expected to prepare an updated economic and legal analysis concerning the likely impact of the rule.
House Republican Pete Sessions calls on Trump to delay DOL fiduciary rule
The chairman of the House Rules Committee said in a letter that the rule would foist “mountains of paperwork” on financial planners while denying “access to quality investment advice” to millions of investors.
Justice Department continues to defend DOL fiduciary rule in court
Some experts anticipate the Trump administration will abandon the legal fight, but that hasn't happened yet.
Aon Hewitt sued for 401(k) ‘kickback’ scheme with Financial Engines
The record keeper joins three others — Fidelity, Voya and Xerox — in being sued over its relationship with the advice provider.
