Payment would settle class action filed by current and former reps over commissions, expenses.
The centerpiece of the proposal, the Regulation Best Interest rule, is not fiduciary and isn't uniform.
Regulator has chalked up some welcome changes, but the work is not done.
Despite having made some changes, calls for more open meetings persist
A year after launching its self-examination, the regulator is getting both praise for its efforts and calls for more concrete results.
Wilson Dennis Colberg-Trigo awarded $1.2 million, but owes $854,000.
Fund company says Stacy Schaus was paid well, but was an 'ineffective' manager.
Bipartisan effort focuses on ways to improve private retirement benefit programs.
Potential pitfalls include lack of detail on best-interest standard, demarcation between sales and advice.
Massive interest group has concerns the Labor Department will not request a rehearing of its vacated regulation by April 30 deadline.
The state attorneys general and AARP are asking for the full 5th Circuit Court of Appeals to rehear the case.
However, he believes they also deserve a different standard of care from investment advisers.
She claims LPL informed her previous broker-dealer prematurely that she was leaving the firm.
NASAA report finds broker-dealers are better informing investors.
Former rep does better than Ameriprise, but each must pay damages.
Craig Price's testimony to Finra about a colleague's behavior doesn't qualify for Dodd-Frank shield, court says
An increase in market volatility, higher interest rates and dissipating anxiety around the Labor Department's fiduciary rule are improving the product outlook.
Critics say the changes so far don't go far enough.
Socially responsible investors say rules could sow confusion among managers
He says the proposal is more appropriate than the DOL fiduciary rule.
