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4 ways the Labor Department is about to rock our world
The proposed fiduciary standard will have the biggest impact since the deregulation of the securities industry a few decades ago.
SEC, Finra fine UBS $34 million over Puerto Rico funds
Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud.
State regulators report advisers’ top five trouble areas for compliance
Latest exam data from state regulators show deficiencies are down dramatically, but some areas are particularly problematic.
Pension trade group believes DOL fiduciary rule is all but inevitable
American Society of Pension Professionals and Actuaries now plans to shape -- not kill -- the proposal.
Warren Buffett doesn’t have time to fiddle with activist investing
Breakfast with Benjamin: Warren Buffett's distaste for activist investing boils down to simple math.
Support grows to repeal Obamacare ‘Cadillac tax’
Bipartisans in Congress — as well as business and labor groups — are coalescing to try to stop a tax on high-premium health care plans.
RCS Capital stock may be delisted from NYSE
Exchange warning on share price comes as Massachusetts securities cop Galvin charges its wholesale brokerage, Realty Capital Securities, with proxy fraud.
Investor lawyers say Finra moving too quickly on arbitration unit
Proposal would bring its dispute resolution arm back in house.
Another five firms ordered to pay $18M for mutual fund overcharges
Finra says Edward Jones, Stifel Nicolaus, Janney Montgomery Scott, Axa and Stephens failed to waive sales charges for certain retirement accounts and charities.
Mandatory arbitration reform on the docket at CFPB
Experts in the financial industry question what spillover effect it will have on such clauses for brokers.
Reining in expungements
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
Finra presses ahead with proposal to temper expungement
The regulator's Board of Governors authorized amendments to the code of arbitration and also approved a separate item to protect senior investors.
Regulators target free lunches for elderly clientele
Concerns involve linkages between these prospecting meals — popular with seniors — and sales of high-fee investment products.
Building traffic to BrokerCheck
The question for Finra: How deep is their resolve to make BrokerCheck as popular as services like Yelp, TripAdvisor or Angie's List?
Republicans want to see cost-benefit analysis before SEC proceeds on fiduciary
Today's hearing on 2016 budget discussed the DOL rule as well, with a lawmaker asking Chairwoman Mary Jo White, 'Why are you allowing the Labor Department to take over your territory?'
Former Edward Jones adviser faces jail time
Breakfast with Benjamin: A former Edward Jones adviser is sentenced to five years in the slammer for bilking a disabled woman out of more than $100,000.
Intel sued for investing employee 401(k) funds in hedge funds, private equity
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm's custom target-date series and global diversified fund lost hundreds of millions of dollars.
Gold rises from the dead
Breakfast with Benjamin: A dead asset no longer, gold shines bright above its 200-day moving average for the first time in five months.
Advisers missing major wrinkle in DOL’s fiduciary rule
Proposal would force RIAs to comply with both the SEC standard and Labor Department's rule, FSI says.
State securities regulators put out proposal to protect seniors
Proposal would clarify brokers' and advisers' responsibilities in cases of suspected elder abuse
