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Missouri Rep. Ann Wagner wages ‘war’ against DOL fiduciary
Rep. Ann Wagner, a leading opponent of the agency's proposal to raise investment-advice standards for brokers working with retirement accounts is pursuing an aggressive strategy to stop the rule.
Spike in Finra, SEC regulation leaves star brokers exposed
Long treated with kid gloves, big producers now face questions about alleged violations.
Obamacare stands, solidifying health care planning
Supreme Court rules that U.S. tax subsidies are legal for all health insurance exchanges, allowing for more long-term financial planning.
SEC charges fund manager First Eagle for improper distribution payments
The firm and its fund distributor will pay $40 million to settle claims in what the SEC says is 'first' in an ongoing series of investigations.
Where key players align in the DOL fiduciary fight
As the proposal's comment period ends Tuesday, here's a snapshot of some of the larger parties' stances.
Dodd-Frank Act’s 5th anniversary: What’s been done, what’s left to do
Two of the more significant Dodd-Frank Act suggestions — the adoption of a new self-regulatory organization to oversee advisers and defining advisers' fiduciary duty — have not yet come to fruition.
Plan sponsor advocate pushes for exemption in DOL fiduciary rule
Says charging a level fee would vanquish conflicts for advisers.
Could Bobbi Kristina Brown have been better protected by Whitney Houston’s estate?
Estate planning lawyers say 19-year-old will left pop star's daughter unprotected.
Finra brands DOL fiduciary rule misguided, confusing
The proposal to reduce conflicts of interest for brokers working with retirement accounts would create overlapping regulations that would baffle advisers and investors, regulator says.
Senate Republicans plan new tactic for undermining Dodd-Frank
After seeking to win support from Democrats for legislation sponsored by Sen. Richard Shelby, R.-Ala., for easing Dodd-Frank rules, Republicans are considering adding their measure to a government-spending bill.
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.
