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SEC Chairwoman White says agency is ‘full-out’ working on fiduciary rule
SEC chief says “if at the end of the day, you are depriving retail investors of reliable, reasonably priced advice, you will not have succeeded."
Democrats torn between Obama, financial industry on DOL fiduciary rule
Latest letter threatens to slow the rule-making process while time runs down on the current administration.
Lawmakers chafe at SEC’s slog through fiduciary rule process
At a House subcommittee hearing, legislators grilled David Grim, director of the SEC's Division of Investment Management, about the timing of a potential rule.
W.P. Carey sets fundraising record in first half
$909 million raised is almost as much as the $1.04 billion the firm raised all of last year.
Ex-Ameriprise adviser gets 7 years in the slammer for bilking clients
Breakfast with Benjamin: Susan Elizabeth Walker was sentenced to more than seven years in prison for taking over $1 million from clients' accounts.
Riskalyze seeks to leverage DOL fiduciary rule with wealth management platform
Robo-adviser, risk assessment and compliance meet on one dashboard.
Bill to stop DOL fiduciary rule poised to pass House today
Measure that would force DOL to halt its efforts until the SEC acts would move to the Senate next, but Obama threatens a veto.
Finra efforts fail to reduce brokers’ record-cleansing: PIABA
Between 2012-14, expungement was granted in 87.8% of cases in which it was sought, according to the Public Investors Arbitration Bar Association.
Finra plans to scrutinize brokerages’ compliance culture
The regulator releases its priorities for the new year. Topping the list are firms' compliance culture and conflicts of interest.
Former House chairman, top Finra lobbyist, Michael Oxley, dies
Mr. Oxley was chairman of the House Financial Services Committee in the 2000s and promoted a self-regulatory organization for advisers.
Jobs report has the bond market on edge
Breakfast with Benjamin: The specific things to watch for in today's jobs report that could influence the Fed's decision on interest rates.
‘Dissident’ candidate defeats Finra’s hand-picked nominee for board seat
Brian Kovack wants to make the organization more effective without antagonizing firms that are doing the right thing
SEC indicates timing, substance of ‘accredited investor’ reform
Chairwoman White testifies before Congress about next steps and factors to gauge investor sophistication.
Budget deal would nix popular Social Security claiming strategies
Loss of file and suspend and some spousal benefits could catch near-retirees off guard.
Cruz and Rubio come out on top after third Republican debate
Breakfast with Benjamin: Another debate full of heated clashes — including with the moderators — but the candidates who rose to the top were not the usual suspects.
Client losses total $44 million in ‘Madoff of Main Street’ case
Jacob Cooper, founder of San Diego-based RIA Total Wealth Management, built his business to over $100 million in assets and more than 600 clients. Last week, a court-appointed receiver in a case brought by the SEC determined that more than $44 million of those assets are likely lost.
New Ways & Means chairman gives Speaker Ryan a tax-reform partner
One of Rep. Kevin Brady's ongoing pursuits has been eliminating the estate tax.
As DOL fiduciary heats up, both sides dig in
Battle over the Labor Department's proposed fiduciary rule reaches a new level of nasty.
Adviser coalition calls on Congress to reject attempts to stop DOL fiduciary rule
Rep. Peter Roskam and colleagues' 'legislative principles' for retirement advisers refer only to disclosing conflicts, not mitigating them, FPC says.
SEC files record number of enforcement cases and highest fines in 2015
Agency brings actions against new kinds of securities fraud.
