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SEC’s ESG integration proposals divide industry
US SIF Forum hears naming restrictions and disclosures for ESG dabblers are up for debate.
Yellen says crypto is ‘very risky’ option for retirement savers
Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.
Wells Fargo sells off on report of probe of fake job interviews
The Manhattan U.S. attorney's office is reportedly investigating allegations the firm conducted sham job interviews of minority candidates to satisfy in-house diversity guidelines.
401(k) plans are failing middle-class Americans
A new study finds that tax incentives for saving for retirement primarily benefit high-income households.
Biden nominees for key adviser-oversight roles await Senate confirmation
Lisa Gomez is poised to become DOL assistant secretary and head of the Employee Benefits Security Administration, while Jaime Lizárraga and Mark Uyeda are set to join the Securities and Exchange Commission.
Reps at firm that sold GWG bonds wanted more exposure to risky alts: B-D execs
Bill Hamm of IFP Securities said the SEC started its inquiries last year into broker-dealers that had sold GWG bonds.
SEC takes aim at payment-for-order flow
SEC Chair Gary Gensler is proposing sweeping changes to the rules underpinning the U.S. stock market, including a possible auction mechanism that would help retailer investors get the best pricing for their orders.
UBS loses another YES arbitration case, this one costing more than $1 million
While the firm has prevailed in some cases involving its options trading strategy. its losses are adding up, too.
Trouble with the IRS? Let an ERPA guide you
A second-generation enrolled retirement plan agent explains how he helps companies smooth out plan problems with the IRS.
Sweeping US crypto legislation targets stablecoins, mining
While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.
Stretch IRAs still exist for some beneficiaries
Although the SECURE Act eliminated stretch IRAs for most beneficiaries, replacing them with the 10-year post-death payout rule, some beneficiaries can still use a stretch IRA.
Fending off taxes, fees and other state threats to adviser autonomy and growth
Fees, financial literacy and the freedom to work as an independent contractor are all under debate in state legislatures — and relevant to the growth of advisers' practices
SEC weighs sending retail stock orders to auctions for execution
Changes would impact the exchange businesses which display prices and aggregate trading data.
Schwab sued over payment for order flow
Three clients allege the brokerage didn’t give them the best prices for their orders.
Leading state regulator sees arbitration reform gaining momentum
A NASAA model rule gives states the ability to yank the license of a brokerage or advisory firm that dodges an arbitration award or other judgment.
Policy trumps democracy for most lobbyists ahead of midterms
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
SEC public service campaign sparks outrage online
The SEC's 'Investomania' videos are an attempt to encourage investors to research before investing, but some are upset by the videos' references to meme stocks and crypto.
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s
ForUsAll, a 401(k) provider that specializes in alternative investments, alleges that Labor exceeded its authority by trying to institute an effective ban.
Ex-broker who stole from pension plan gets 6½-year sentence
John Sherman Jumper, a 17-year veteran of the securities industry, was based in Memphis, Tennessee.
Merrill pays $15.2 million to investors who spent too much for mutual funds
The restitution settles Finra charges that the firm recommended Class C shares with ongoing fees when more affordable Class A shares were available.
