Displaying 268 results
Appeals court upholds DOL fiduciary rule in case involving fixed indexed annuities
Market Synergy Group argued the regulation treated the annuity products arbitrarily and violated rulemaking procedures.
AI, social media have an important place in the advice world
Experts discuss how technology disruption can help advisers meet changing client expectations.
Galvin’s DOL fiduciary rule enforcement triggers industry plea for court decision
Plaintiffs warned the Fifth Circuit that Massachusetts' move against Scottrade signaled that the partially implemented regulation can raise costs for financial firms.
Eight brokerage firms urge CFP Board to delay new fiduciary standards
Ameriprise, AXA Advisors, Edward Jones, LPL, Morgan Stanley, RBC, Wells Fargo and UBS call on organization to stand down until SEC proposes its own rule later this year.
Major financial trade groups to CFP Board: Slow the effort to raise mark’s fiduciary standard
Major financial trade groups want the Securities and Exchange Commission to go first.
Court decision on DOL fiduciary rule expected in February
Opponents and advocates of the regulation have been waiting for months for the Fifth Circuit Court of Appeals in New Orleans to issue its opinion.
SIFMA makes client-data safety a top priority
Brokerage trade group aims to establish working principles on data that involve access and permissions.
CFP Board makes changes to proposed code of ethics, will seek more comments
Board chairman Blaine Aikin says the new code will be released by the end of the year.
Clayton says SEC can’t simply take over DOL fiduciary rule
'We have a process. They have a process. We have to respect those,' chairman tells SIFMA annual conference.
SIFMA: State-level fiduciary rules would confuse investors
Managing director Lisa Bleier set to testify in Nevada workshop on state's new fiduciary law.
SEC Chairman Jay Clayton doesn’t intend to pursue third-party RIA exams
Agency forecasts it will inspect at least 14% of registered investment advisers in current fiscal year, up from 10% in recent years, but still below the 50% rate achieved by Finra for B-Ds.
Opponents of DOL fiduciary rule raise same concerns about CFP Board proposal
Financial Services Institute says extra supervision would result in a 'CFP tax,' while mother of Labor Department regulation cheers revisions to standards of conduct.
Fiduciary advocates press CFP Board for specifics on standards changes
Meanwhile, few brokerages and their trade associations, which blasted the DOL's fiduciary rule in comment letters, are responding to the CFP Board's proposal.
DOL fiduciary rule compliance costs exceed $4.7 billion: SIFMA study
Broker-dealers report paying hefty start-up costs and additional ongoing expenses, and are cutting the number of mutual funds they offer.
Industry groups opposing DOL fiduciary rule maximize spending on author of bill to kill measure
Brokerage industry dominates investment-adviser sector in political, lobbying spending.
DOL fiduciary rule opponents want to push implementation back until 2019
ICI, Chamber of Commerce among groups asking for delay, while Democratic lawmakers call on DOL to keep to its earlier planned schedule of Jan. 1, 2018.
Democrats diss draft legislation to scrap DOL fiduciary rule, set best-interest advice standard for brokers
Bill's sponsor, Republican Rep. Ann Wagner, still hopes to get bipartisan support.
Finra engages in rulemaking by enforcement: financial industry groups
FSI and SIFMA criticize broker-dealer regulator for creating standards based on settlements.
SEC reasserts itself on investment-advice standards, but it’s not clear whether it will overtake DOL fiduciary rule
New SEC Chairman Jay Clayton makes request for comment on fiduciary duty one of his first actions, as DOL reasseses its measure.
Labor secretary Alexander Acosta gives DOL fiduciary rule supporters something to cheer about — at least for now
It won't be delayed beyond June 9, but there could still be wholesale changes to the rule in the future. (More: DOL Fiduciary Rule: What you need to know about Acosta's decision)
