Departure of Alexander Acosta could slow DOL effort to revise fiduciary rule
Acting secretary Patrick Pizzella will have to make political decision to move ahead.
Hub in talks to buy $40 billion LPL branch Global Retirement Partners
GRP, an LPL super-OSJ, would represent the latest in a flurry of acquisitions for Hub.
Fidelity says it’s entitled to alleged ‘secret payments’ in 401(k) plans
Given the thin margins in the retirement business, firm says it was justified in cutting deals with money managers to boost profits.
Finra rogue broker proposal raises concerns among investor, industry advocates
PIABA: It falls short of solving unpaid arbitration. FSI: It gives Finra too much power.
New York lawmaker works on bill to establish fiduciary duty for advisers in state
Assemblyman Jeffrey Dinowitz says measure will be 'stronger' than previous disclosure bill.
Financial industry group asks CFP Board to back off if reps comply with Reg BI
CFP Board CEO Keller touts standard but indicates possible delay in its enforcement.
Judge rejects Ohio National motion to throw out case involving variable annuity commissions
LPL broker Lance Browning alleges the insurer acted unlawfully last year when it terminated certain trail commissions.
TIAA exit from life insurance market exposes void for RIAs
Fee-only advisers who want to sell clients life insurance without a commission have few options available.
Adviser regulation caught up in partisan era, making it hard to plan for future
A change in the White House in 2020 could result in a reversal of new SEC advice reform rules, just as the last presidential transition left the DOL fiduciary rule dead.
Finra suffers net $68.7 million loss despite increased revenue, decreased expenses
Broker-dealer regulator saw 2.3% decline in investment portfolio.
TIAA exits the life insurance business
The move is a big deal for RIAs, experts say, since TIAA was one of only a few insurers to offer fee-only life policies.
Funding for Reg BI, other SEC advice reform efforts denied in Waters amendment
House likely to approve measure that effectively kills rule package, but it faces uphill battle in Senate
GPB paid B-Ds and reps steep commissions to sell troubled private placements
GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.
GPB Capital reports decline in value of two biggest funds
One has dropped by 25.4% and the other by 39%, according to the company.
SEC clears up confusion over whether advisers can continue to call themselves fiduciaries
Despite an agency directive to eliminate the word 'fiduciary' in Form CRS, SEC officials say it's OK to use it.
A lack of visuals could be your blind spot
Using illustrations could be a key way of boosting financial literacy.
Vermont establishes restitution fund for victims of investment fraud
Portion of settlements with financial perpetrators would supply the pool.
Tax considerations when gifting stock
Before gifting stocks to friends and family, investors and advisors should consider the tax implications.
Everyone knows the wholesaling model is flawed. Here’s what to do about it
Wholesalers could evolve — and continue to add value to the process of making investments available to end clients — by focusing more on product education.
New Jersey fiduciary rule: Pressure leads to public hearing, comment deadline extension
Industry push results in chance to air grievances on July 17 and another month to present objections.
