Displaying 10198 results
Attorney Jerry Schlichter brings another class-action 401(k) suit
Hot on the heels of some big victories, law firm Schlichter Bogard & Denton has filed a new complaint alleging fiduciary breach under ERISA.
Securitization makes a comeback
Breakfast with Benjamin: Securitization comes back and it's not all bad...Plus, how JPMorgan is positioned for rising rates, Deutsche Bank suspends currency traders, GM pays a dividend, and more minimum wage math.
The SEC has reduced the charges against SAC Capital’s Steve Cohen
Breakfast with Benjamin: SEC backs away from part of its charges, moving Steve Cohen a step closer to again managing outside capital.
SEC proposes rule to cap use of derivatives in mutual funds
Rule limiting fund leverage represents one of the most aggressive responses by regulators to risks exposed during the 2008 financial crisis
JPMorgan to pay more than $300M in settlement over wealth management conflicts
Allegations include that the bank didn't disclose its preference for putting clients' money into its own investment products.
Finra task force calls for higher arbitrator pay, greater transparency
Group also suggested a pool of arbitrators be trained to conduct expungement hearings, but didn't touch the mandatory aspect of arbitration.
Hillary Clinton takes up fiduciary mantle for financial advice industry
Presidential candidate Hilary Clinton directed Democrats in Congress to stop Republican lawmakers from adding language to a government spending bill that would effectively kill a pending DOL rule.
Boeing settles 401(k) suit for near-record $57 million
The large settlement underscores the need to ensure reasonable fees and asset classes for investments, and that the overall value of services matches up with cost.
SEC report revisits sting of unsolved Aug. 24 market slide
That date still leaves some ETF fans shaking in their boots. The report tells us what happened, but not why or what to do to prevent future recurrences.
Errors advisers should steer clear of when updating ADVs
SEC enforcement targets provide good examples of what to avoid in annual updates.
How brokers can navigate consolidation in the B-D industry
Advisers should take a deliberate approach to charting their future. Here's what to look for.
What we’ll remember about the markets in 2015
Some highs and lows, swings and misses
DOL fiduciary rule could decimate number of IBDs
Commonwealth Financial Network managing principal John Rooney says a combination of higher costs and less revenue, thanks to the DOL fiduciary rule, will cause widespread consolidation of independent broker-dealers.
Passive strategies put another mark in the win column in 2015
Plus: You ain't seen lame until you've seen Congress next year, money manager M&A peaks, avoiding financial fraud, and how the rich get and stay rich
Finra to seek a ‘significant fine’ from MetLife over variable annuity sales
Regulator focuses on potential violations regarding misrepresentations, suitability, and supervision
LPL to pay $1.4 million fine and return investor money for certain nontraded REIT sales
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
Congress set to make popular tax breaks permanent
Advisers were pleasantly surprised by the tax package that will provide them more certainty when planing long-term for clients.
Will mutual funds’ pay-to-play at brokerages go away?
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
Finra names new CEO to replace Ketchum
Robert W. Cook, the former director of the division of trading and markets for the SEC from 2010 to 2013, will take over the reins of the brokerage industry regulator.
Former Morgan Stanley adviser sentenced to three years’ probation for data theft
Galen Marsh, who allegedly called the stolen data “the world's best cold-calling list,” had some of the data stolen from him and posted on the Internet.
