Cetera Advisors charged with defrauding clients
SEC said firm failed to disclose conflicts of interest related to more than $10 million in compensation.
Peter Mallouk heads an RIA with $42 billion in assets — and has made only one acquisition
Creative Planning's president has grown the firm organically, but M&A will play a role going forward.
SEC upholds Finra bar despite recent Supreme Court ruling
Agency said high court's decision in Kokesh only applies to monetary sanctions.
Investment adviser arrested and charged in $105 million securities fraud
Brenda Smith of Philadelphia is also facing SEC civil charges that she lied about the performance of her fund, Broad Reach Capital.
Wills of Jeffrey Epstein, Aretha Franklin raise questions of legitimacy
Because they were unconventional, the wills could be challenged.
Annuity yield in short supply as interest rates falter
Few highly rated insurers are offering fixed annuities guaranteeing more than 3%, a challenge for advisers in search of yield for clients.
Dawn Bennett appeals conviction of running $20 million Ponzi
In July, Ms. Bennett was sentenced to 20 years in prison.
Charles Schwab lawsuit win has big implications for all 401(k) plans
The ruling could mean plan sponsors can force employees into individual arbitration rather than defend a class-action suit.
Faith-based funds attract loyal investors
It turns out negative screens aren't necessarily a drag on funds' performance.
Cost to play bigger role in investment recommendations
Large firms are well-situated to comply with the cost standards in the SEC's Reg BI given changes they made to prepare for the DOL fiduciary rule.
SEC draws ire with indexed annuity misstep
The regulator issued an investor bulletin about indexed annuities that instead described a different product — a buffer annuity.
IFS Securities hit with $10 million trading loss: reports
IFS Securities facing 'substantial losses' from head bond trader's bet on Treasuries.
Fee-based annuities still require caution, despite IRS olive branch
The agency may have fixed a big tax problem for RIAs, but issues remain with many fee-based products.
This new tax rule could be a ‘recession bomb’
Rules around net operating losses would take away a helpful cash infusion for businesses in years when they lose money.
Advisers may not be equipped to help clients navigate private markets
As SEC moves toward easing rules on unregistered securities, advisers could become gatekeepers.
Dually registered advisers found to have conflicts and higher fees
Academic paper says many 'fall short of the spirit of the fiduciary standard.'
Ex-Woodbridge Group CEO Robert Shapiro pleads guilty in $1.3 billion Ponzi scheme
Faces 25 years in prison for running fraud that affected more than 7,000 investors.
Fidelity dogged again by 401(k) quid-pro-quo allegations
Claims that have resurfaced about a mutually beneficial financial relationship between MIT and Fidelity are similar to one in a prior case.
Fidelity draws adviser wrath with 1.9% cash offer
The high-yield default account sparked kudos then displeasure on Twitter when adviser Michael Kitces realized it doesn't apply to existing clients.
GPB adds class action lawsuit to list of woes
Private placement firm's latest hurdle stems from the lack of financial reporting.
