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SEC best-interest proposal doesn’t affect 401(k) brokers
The proposed best-interest standard applies only to 'retail customers,' a definition that seems to omit broker recommendations to retirement plans. RIAs, though, are still on the hook.
SEC advice rule concerns raised by Schwab, AARP
For different reasons, each says client-relationship-summary disclosure is flawed.
Clock ticking for RIAs to self-report sales of high-fee mutual fund share classes
SEC offers favorable settlement terms through Monday to investment advisers who acknowledge they didn't use the lower-fee option available in a fund.
SEC bars New Jersey RIA over securities, adviser fraud
Larry Werbel had pleaded guilty to receiving kickbacks for touting stock.
Does the SEC really need to define ‘best interest’?
Now's the time for brokers and advisers to weigh in.
Advisers encourage investors to take fiduciary into their own hands
Committee for the Fiduciary Standard tells public to demand their financial advisers sign an oath.
Cyber assailants targeted in important new security sweep
The skill and sophistication of attackers are often outpacing firms' ability to protect themselves.
Financial planners push to add restrictions on use of term in SEC advice proposal
Financial Planning Association sends 85 members to Capitol Hill.
Hurry up and kill the DOL fiduciary rule already, insurance groups tell 5th Circuit
ACLI, NAIFA say delay in issuing mandate causing 'palpable uncertainty' for industry.
Regulators gunning for brokers and advisers who sold $1.2 billion Ponzi
Finra and at least one state agency have taken disciplinary action against two brokers and an adviser involved in the Woodbridge real estate scheme.
Advisers urged to resist ‘fiduciary fatigue’
It will likely be another 12 months before the SEC's investment-advice rule takes shape: expert
Clayton promises ‘not to take forever’ on SEC advice rule
Following Capitol Hill testimony, top regulator declines to say whether he will extend comment deadline on proposed reform package.
SEC approves paperless mutual-fund reports
Online delivery will become default method for shareholder document delivery.
New SEC nominee could become decisive vote on investment advice proposal
Trump administration taps Senate aide to fill departing commissioner Piwowar's seat.
New York RIA to pay $8 million to SEC in settlement
Agency says deVere USA and two former managers failed to disclose conflicts
5th Circuit mandate to vacate DOL fiduciary rule ‘still pending’
Observers can't tell why the regulation is still on death watch and not actually dead.
SEC charges former Long Island broker with $8 million scam
Steven Pagartanis promised investments in a land development company.
Interest groups split on delaying comments for SEC advice proposals
Consumer, adviser advocates want to see results of investor testing first, but SIFMA says stick with original Aug. 7 deadline.
How the SEC advice rule improves on the DOL fiduciary rule
The SEC initiative seeks to raise standards and let investors understand the motivations of their adviser, without limiting choice.
SEC proposes rules to make ETF research easier for broker-dealers
Chairman Jay Clayton says proposal would increase investors' access to research.
