The American Council of Life Insurers included questions in the poll that it says show a DOL fiduciary rule would hinder access to retirement advice.
The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.
'We do it in a way where they're virtually unreadable,' Eric Noll, CEO of Context Capital Partners, said of disclosures at the Finra annual meeting.
Investment advisors and brokerages shouldn't wait for final regulations to shore up their cyber defenses, experts say.
Trade groups question a provision in the proposal that would deem advisors with discretionary authority over client accounts to have control of the assets.
'It's sort of like the nicest house on an ugly block, which, relatively speaking, is the best place to be,' said one advisor.
The award is another loss for the firm in a case involving a Ponzi scheme that was run from an Oppenheimer branch office in Atlanta by former broker John J. Woods.
The North Dakota firm and one of its advisors didn't understand the risks associated with the complex products and failed to determine whether they were in clients' best interests, the agency says.
Brokerages suffered financially during the market downturn last year, with net income and revenue falling sharply in 2022.
Hedge funds with at least $1.5 billion in assets now have to report significant investment losses and withdrawals to the SEC within 72 hours.
