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Critical steps to fix the examination gap among advisers
One of the most intractable issues facing the advisory business is the severe imbalance in examination frequency between broker-dealers and RIAs.
Senate approves resolution to kill DOL fiduciary rule
But without enough votes to overturn a threatened presidential veto, assistant secretary of Labor Phyllis Borzi calls the action 'the usual Washington Kabuki theater.'
Cease-fire by DOL fiduciary rule opponents may not last long
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
Invesco pays $10M DOL settlement for ERISA violation
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
Schwab shuns load funds in DOL’s wake
In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.
Increased SEC scrutiny may be making ETF providers uncomfortable
Increased SEC scrutiny may be making ETF providers uncomfortable, and the industry may soon have to adapt to new regulations. (More: The full Spotlight on ETFs special report)
With regulations looming and robos stalking, advisers must prove their worth
Experts say the complexity of retirement income planning can set human advisers apart and justify their fees.
Congress poised for its last stand against DOL fiduciary rule
The first installment of InvestmentNews' new Fiduciary Focus column looks inside the political wrangling taking place as the fiduciary rule nears finalization.
Why independent broker-dealers are in survival mode
InvestmentNews senior columnist Bruce Kelly talks about the challenges facing indie B-Ds and what many firms are doing to survive.
DOL fiduciary rule will impact less than 10% of Bank of America wealth assets, CFO says
Move to Merill Lynch One platform will blunt regulation's impact.
Galvin widens investigation into alleged RCS proxy fraud
Massachusetts securities division examining independent broker-dealers that sold RCS alternative investments such as nontraded REITs.
Advisers to face stricter anti-money-laundering rules
Government focus on rooting out financial crimes includes proposals to get advisers more involved.
Lawsuits against fiduciary rule likely to cite DOL’s lack of authority
Based on comment letters and testimony before Congress, a court challenge will probably focus on who brokers really answer to
Still plenty of headaches for independent broker-dealers in the DOL fiduciary rule
New business models, heavy compliance costs and figuring out 'reasonable' fees are among the items giving IBDs fits.
Stifel fined $750,000 for failure to follow reserve requirements
The broker-dealer didn't account for reserves needed to cover loans secured with customer assets.
Broker Michael Donnelly sentenced to prison after defrauding elderly, SEC says
He provided fake information about their investment holdings to hide his scheme.
Perez expresses confidence final DOL rule will survive opposition
The Labor secretary says the regulation that would increase investment advice standards for retirement accounts will withstand challenges from those looking to kill it.
The role of the broker-dealer in a post-DOL-fiduciary world
The more structure we can provide advisers during this seismic shift, the more likely they will be about to adapt.
51% of advisers see DOL fiduciary rule benefiting business
51% of advisers say the rule will help their businesses, an improvement from 2015 when only 27% saw the regulation helping.
House committee approves resolution to kill DOL fiduciary rule on party-line vote
Senate expected to follow suit, but Obama is almost certain to veto it.
