Displaying 8 results
OMB draws flak on DOL fiduciary rule decision
Industry groups express disappointment at the Office of Management and Budget's speedy review of the controversial rule.
Indiana adopts NAIC best-interest model for annuity sales
Industry groups hail state’s new rule as a win for annuity consumer protection.
DOL proposal starts where Reg BI stops
Opponents say the DOL’s proposed rule overrides Reg BI by imposing fiduciary duty on brokers working with retirement savers. Backers say the measure fills in Reg BI’s gaps in investor protection.
Hundreds of pages of regulations amount to nothing until they’re enforced
We don't know how Reg BI or the CFP credential's fiduciary standard work in practice because there has been no substantial punishment for violating them.
Finra fines, suspends two brokers for Reg BI violations
The self-regulator claimed the reps traded excessively in the accounts of elderly customers.
Brokerages need to update tech systems to show Reg BI work to SEC
An SEC risk alert this week warned firms that surveillance systems fell short in ensuring reps consider costs and reasonably available alternatives. Will enforcement be next?
SEC staff finds B-Ds lack policies needed to comply with Reg BI
Broker-dealers are falling short in identifying and mitigating conflicts of interest, the agency said.
The ‘best’ way to pay for advice
An adviser who’s honest and transparent about compensation, regardless of the model, is bound to engender the trust that advice seekers want most of all.
