Fiduciary

Displaying 1272 results

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Kentucky, Mississippi latest states to adopt annuity best interest rule

In a recent speech, SEC Commissioner Allison Herren Lee pointed out how the annuity rule differs from Reg BI on mitigating conflicts of interest.

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Brokerages, alts advocates dispute state regulators’ Reg BI assessment

NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.

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To some industry ears, ‘best interest’ may sound like fightin’ words

We’re still waiting for the first major Reg BI penalty to hit. When it does, it could spark controversy.

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ESG, the proposed DOL rule and fiduciary duty

The Labor Department's proposed ESG rule is a great step forward. The transition to a more sustainable economy will require increased attention to material risks and opportunities, including those related to ESG factors.

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DOL delays fiduciary rule enforcement until February

The Labor Department is giving the financial industry the additional breathing room it had sought to prepare for the new regulation.

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Should celebrity profiles be considered investment advice?

Investing apps allow investors to trade securities and share those strategies with like-minded traders. Regulators may need to consider whether they're also providing investment advice.

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Insurance products are morphing into securities

Carson Group Excell conference whets the appetite of advisers looking for fee-based insurance products.

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SEC to assess when ‘psychological nudges’ become recommendations

Securities and Exchange Commission Chairman Gary Gensler said his agency will determine when digital engagement practices used by online platforms cross the line into investment advice.

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SEC enforcement director stresses ‘proactive compliance’ on Reg BI

The rule goes 'significantly beyond' suitability, and firms should give their reps the tools they need to 'identify, disclose and mitigate conflicts prohibited under Reg BI,' Gurbir Grewal said.

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SEC will ensure Reg BI fulfills best-interest promise: Gensler

Rep. Ann Wagner, R-Mo., raised concerns about what Gensler's recent hiring of Barbara Roper means for the future of the Regulation Best Interest standard of conduct.

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Delaying DOL fiduciary rule would give small RIAs time to comply

'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.

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Fiduciary advocates call on SEC to fix Form CRS

A new study by the Institute for the Fiduciary Standard asserts the document blurs the line between advisers and brokers.

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SEC, Finra officials: Don’t just go through motions on Reg BI compliance

Regulators said brokerages should not only tell reps what Reg BI says but provide examples of how to meet its requirements.

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XYPN petitions SEC for brighter line between brokers, advisers

The network is prodding the SEC to force brokers to register as advisers if they give advice, provide financial planning or hold themselves out as advisers.

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Regulators: Trading app nudges could be investment advice, trigger Reg BI

The more individually tailored a communication to a customer is, the more likely it is a recommendation, SEC Commissioner Allison Herren Lee said during the NASAA fall meeting.

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Fiduciary — it’s all Greek to me!

What the ancient Greek philosopher Aristotle can teach us about communicating a fiduciary standard of care.

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Investor advocate comes off the sidelines, gets into the regulatory game

Even before drawing her first government paycheck, Barbara Roper has influenced how the SEC under Gary Gensler is approaching Regulation Best Interest.

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SEC inquiry into online brokers could redefine recommendations

The agency could be on the path toward clarifying whether online trading platforms are giving investment advice. The examination will also consider potential conflicts of interest between brokers and investors.

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UBS to offer Transamerica program for small-business retirement plans

The Retirement Plan Exchange, which uses TAG Resources, is designed to reduce administrative headaches related to providing a plan.

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SoFi fined $300,000 by SEC over proprietary fund sales

The enforcement action centered on a decision in April 2019 to replace third-party ETFs in approximately 20,000 automated accounts with funds sponsored by the firm’s parent company, Social Finance Inc.