In a much-anticipated move, Charles Schwab late on Tuesday said it is launching a 401(k) product that features index funds. An ETF-version of the low-cost offering, dubbed Index Advantage, is due next year.
TD Ameritrade Institutional is helping its parent company bring in higher levels of net new assets.
Finra has warned investment advisers to examine the effectiveness of their social-media compliance programs based on findings from recent SEC adviser examinations.
The Financial Industry Regulatory Authority Inc. has backed away from a proposal that would have required broker-dealers to file social-media postings with the regulator.
Can a brokerage firm sue Finra? That's a question one broker-dealer is asking the Supreme Court to consider.
Schwab's new bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes.
TD Ameritrade Institutional has attracted a record number of breakaway brokers to its custody platform during the fiscal year ended in September
