Displaying 105 results
Intel 401(k) ruling could bolster some class actions
The Supreme Court decision makes it harder for fiduciaries to cite a three-year window to have ERISA claims dismissed
Massachusetts fiduciary rule won’t cover variable annuity sales
The Securities Division says the state considers VAs to be insurance products, not securities
401(k) ‘kickback’ suit against Fidelity booted from court
A federal judge found that Fidelity was not a fiduciary to the plans at the center of a class-action lawsuit
Massachusetts promulgates final fiduciary rule with some controversial parts removed
But the advice standard would require brokers to act ‘without regard to’ their own financial interests
Bloomberg seeks to restore DOL fiduciary rule as part of his retirement agenda
A spokeswoman for the Bloomberg campaign says the SEC’s Reg BI ‘doesn’t set an adequate fiduciary standard’
State regulators approve best-interest standard for annuity sales
Now individual states must adopt the measure through legislation or rule-making
Brokers must act in best interests of sophisticated investors, SEC says
The latest update to Reg BI frequently asked questions asserts that the rule applies to high-net-worth customers
Litigation over state fiduciary standards could break new ground
Courts would have to sort out how federal government, states can shape advice reform
Bombshell 401(k) lawsuit ruling sends Principal back to court
An appeals court found that Principal was a fiduciary to a plan that used its Principal Fixed Income Option, contrasting with a recent decision in a suit against Great-West
Let’s do the right thing for Massachusetts’ savers
The proposed regulation that aims to protect investors would end up increasing pressure on the state's working families
5 industry trends that could continue in the new decade
Many of last year's trends in the financial advice industry will be front and center again this year, including consolidation, fees and fiduciary regulation
8 predictions for IBDs in 2020
This year, independent broker-dealers will be watching such trends as merger madness, competitive recruiting costs and the arrival of Reg BI
Stevens led ICI through era of turbulent policy, strong growth in mutual funds
As he announces his retirement, Stevens defines the trade association’s hallmark during his tenure: ‘We try to bring facts to the table.’
FSI denounces ‘regulation by enforcement’ despite strong rebuke from SEC’s Jackson
Group says Reg BI enforcement probably won’t draw same criticism as share-class crackdown
Answers to the SEC’s Reg BI FAQs depend on facts, circumstances
When the CFP Board provides guidance for its fiduciary standard, it uses case studies
Finra probes brokerage bank sweep accounts as commissions dwindle
Expert: Interest rate discussions with clients ‘can be problematic’
Mitigating the 3 common conflicts of AUM fiduciaries
Advisers who use an assets-under-management model should lead with planning and do what’s in the best interest of their clients at all turns
Brokerage industry opposes Massachusetts fiduciary rule proposal at hearing
Investor-protection advocates don’t expect state to water down measure
Looking back on a year of great progress for our industry
Laws and rules passed by state legislators and regulators can have just as profound an impact on our industry as the measures that grab the headlines.
CFP Board’s enforcement program needs a shake-up: report
Self-reporting of regulatory issues by advisers has been a clear weakness.
