The National Association of Insurance Commissioners is taking a fresh look at the suitability standard for annuities and considering making it a best-interests standard.
The Treasury Department urges federal agencies to re-write scores of regulations that bankers have frequently complained about in the seven years since the passage of the financial reform law.
Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk.
Plaintiffs alleged Merrill Lynch didn't apply fee discounts for mutual funds to which some small retirement plans were entitled.
The $16.75 million settlement comes after 10 years of litigation.
Kim Dee Isaacson also allegedly made unauthorized trades in the 71-year-old client's account.
While some give him high marks for his willingness to listen, other say it's time he put what he's heard into action.
As some provisions are implemented, the regulation's future remains a mystery. <i>(</i><b>More:</b><i>​ </i><i><b><a href="http://www.investmentnews.com/section/fiduciary-faq" style="color:#b10816" target="_blank">FAQs shed light on nuts and bolts of DOL rule</a></b></i><i>)</i>
Sheik F. Khan, formerly with Ameritas in Pasadena, Calif., misled private-deal investors.
Some wait for Trump to conclude review before telling clients about rule.
Firms have trimmed their lineups of investment products, leveled broker compensation and standardized compensation across product lines
<i>InvestmentNews</i> senior reporter Mark Schoeff Jr. gets the skinny on the next phase of the fiduciary rule's rollout.
The regulation will trigger a fiduciary acknowledgement from advisers. But, strangely, it's not a disclosure mandated by the rule itself.
Financial CHOICE Act faces long odds in Senate. Meanwhile, House and Senate Republicans introduce stand-alone legislation to scuttle the regulation.
Twenty-three year veteran Anthony Joseph Verzi decides not to testify during regulator's inquiry.
The fact that the impartial conduct standards are the sole requirement of BICE during the transition period speaks volumes to their importance to retirement advisers.
The concept of the rule has divided our industry in ways no one could have predicted.
A request for information sent yesterday to the Office of Management and Budget is the first step in reviewing the rule, Mr. Acosta said. <b>Plus, <a href="http://www.investmentnews.com/article/20170607/FREE/170609954/investment-adviser-association-members-take-complaints-about-dol" style="color:#b10816" target="_blank">Investment Adviser Association members take complaints about DOL rule to Capitol Hill</a>.</b>
