Displaying 10170 results
Labor Department official promises ‘changes’ to fiduciary rule
Labor Department official says the agency will change its proposal to mollify the brokerage industry.
Wells Fargo, Raymond James, LPL to repay investors more than $30 million for mutual fund overcharges
Finra says Wells Fargo, Raymond James and LPL self-reported their failures to waive sales loads for Class A shares for retirement accounts and charities.
Ex-Ameriprise adviser gets jail time for using client money to pay gambling debts
Oscar Donald Overbey, Jr., was sentenced to 3-1/2 years in federal prison and must repay more than $3 million in restitution from Ponzi.
SIFMA’s advice to DOL on the fiduciary rule: Start over
Industry heavyweight argues the proposal would limit access to investment advice.
BofA wins dismissal of NFL star Dwight Freeney’s $20 million suit
Bank of America has dodged a high-profile, $20 million lawsuit brought by NFL star Dwight Freeney, who sued the company and his Merrill Lynch adviser, but the star's attorney says he plans to refile.
Finra homes in on supervisory failures tied to rogue brokers
Sending a message that brokerage firms need to step up their monitoring, Finra settled with Morgan Stanley and Scottrade for failing to supervise wire transfers.
Perez assures lawmakers DOL will make fiduciary rule work
Secretary of Labor Thomas Perez assured lawmakers Wednesday that the agency is listening to concerns about a controversial…
A slip of the tongue could cost you your business
Be vigilant during all client conversations and stay current on regulatory obligations.
Massachusetts’ Galvin fines LPL $250,000 over senior certifications
Firm agrees to pay up to settle charges that some of its brokers were using titles that did not comply with Massachusetts' senior designation regulations.
7 reasons why financial stewardship is more valuable than a fiduciary standard
Could financial stewardship be used as a higher professional standard of care by advisers?
Massachusetts regulator William Galvin charges Securities America over ‘bait and switch’ ads targeting elderly
Massachusetts' top securities cop has charged the firm with failure to supervise a broker who allegedly used deceptive advertising on his radio show, exploiting the dangers of Alzheimer's to gain access to elderly clients.
SEC sued for using its own judges
Investment firm seeks to block action as Dodd-Frank ripple effect seen giving SEC the edge.
Goldman’s Donohue heading back to SEC to become White’s chief of staff
Veteran returns from Wall Street to the agency where he previously served as head of investment management, could assist with considerations around fiduciary standard.
LPL Financial fined $11.7 million for ‘widespread supervisory failures’
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
The toughest job in financial advice: Teaching economics to a presidential contender
Breakfast with Benjamin: Teaching economics to a presidential contender isn't easy. Unless the economic advisers agree with the preconceived views of the candidates, the relationship can be testy and useless.
Tipster who ate Post-it Notes in Grand Central avoids fine in insider-trading case
In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.
SEC appeals own judge’s decision in case on custodians’ payments to advisers for fund picks
The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of not informing clients they were paid by Fidelity Investments to sell certain mutual funds.
What a Jeb Bush presidency would mean for advisers
Financial planners are mixed on the presidential contender, citing his fiscal and social conservatism.
Real estate crowdfunding trend presents new challenges, opportunities for financial advisers
The proliferation of digital platforms puts added emphasis on due diligence.