Displaying 236 results
Finra sends broker-compensation proposal to SEC for approval
The measure would require a broker who has transferred to a new firm to send an “educational communication” to clients.
Are brokers being branded with a scarlet ‘S’?
Proponents of a fiduciary standard are ganging up on commission-based advisers through public shaming regarding the Suitability standard.
Brokerage industry lobbying dollars dwarf investment advisers’
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
Top GOP senators pressure DOL on fiduciary-duty timetable
GOP senators, including those with oversight of the agency, are among three dozen co-signers of a letter to Labor Secretary Thomas Perez seeking more time to comment.
Financial industry asks DOL for more time on fiduciary rule
Groups say they need an extra 45 days above the 75-day comment period to respond.
Finra board candidate wants to keep organization from ‘antagonizing’ members
A candidate for Finra's board of governors has launched what he calls a “dissident campaign,” asserting he will try to prevent the regulator from “antagonizing” members, especially independent broker-dealers.
With Obama’s push, is fiduciary a done deal? Not so fast
Advisers, experts weigh in on DOL fiduciary rule's prospects and what it might end up looking like.
DOL head says fiduciary standard will happen
Secretary Perez has confidence his agency will complete work on the rule before Obama's term ends.
DOL fiduciary rule stalls again as brokerage industry makes last-minute push against it
The Labor Department's proposal to impose a fiduciary standard on retirement advisers has stalled as the brokerage industry makes one more, eleventh-hour bid to change it.
FSI to help member firms provide health care benefits
The industry group is reducing the cost of health care for small and large advisory firms, according to FSI’s Chris Paulitz
Cetera president blasts White House memo defending DOL fiduciary
Arguments continue on both sides about the merits of the recently-leaked White House memo and what it means for the standard's future prospects.
Prepping the advice business for cybersecurity laws, and vice versa
FSI sets sights on shaping any legislation dealing with data breaches and privacy to avoid 'one-size-fits-all.'
FSI to zero in on state advocacy this year
Group set to launch lobbying days in Florida, Texas, New York and California.
10 developments to watch in the independent broker-dealer industry in 2015
The hottest topics to keep tabs on in the independent broker-dealer space
FSI to fight rollout of auto IRAs
As Illinois pushes ahead with its automatic retirement savings account program, the Financial Services Institute argues the savings plans pose competition to advisers and will work to discourage other states from following suit.
SIFMA invokes fear of cyberterrorists in plea to fold CARDS
Major Wall Street interest group cites cost, regulatory creep and impact on civil liberties in attack on Finra's data-gathering proposal.
FSI warns of ‘false positives’ under CARDS
IBD organization expresses suitability concerns with regulator's proposed data-collection system and predicts cost of $250,000 to $1 million — with ongoing maintenance above that.
Finra expected to adopt CARDS despite vocal industry resistance
Opponents like SIFMA and FSI remain wary of the potential costs, customer data security, but Finra asserts that CARDS will help investors.
Advisers hope GOP Senate will be good for Washington productivity
Investment advisers optimistic that Republican takeover of the Senate will create a better political atmosphere.
FSI offers long-term disability, life insurance to members
Program guarantees members coverage at a group rate FSI has secured as the plan sponsor.
