At the heart of NFP case is the flexPath target-date series, which was added to Wood Group plan in 2016, when it was essentially brand new. Schlichter Bogard & Denton brought the case.
Finra will not require the documentation normally needed to obtain a testing accommodation. That will allow candidates to opt for an online exam if they’re reluctant to go to a test center.
An SEC official indicated reviews are still meant more to help firms comply with Reg BI than to punish them for violations of the rule. But it's a good idea to document recommendations.
Regulator says the firm caused recruits to take nonpublic personal client information.
Data suggest that the adoption of the SEC’s vague Regulation Best Interest and the abandonment of a strengthened DOL standard for retirement accounts have already cost savers billions of dollars in lost returns.
The agency's corporate finance group will focus on climate in their reviews of corporate filings, the regulator announced Wednesday.
Walsh says he will tell EBSA to reexamine the regulation, which an expert says has led to ESG products being taken off of retirement plan platforms.
The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.
State regulators have been expressing concern that new fee structures sometimes don’t align with services provided. The issue will continue to be a priority this year.
Sunayna Tuteja will assume a new role as the central bank’s chief innovation officer.
InvestmentNews webcast discusses SEC Chair nominee Gary Gensler’s potential agenda and other regulation the Biden administration will push to benefit investors and consumers.
Former adviser James Booth also pleads guilty in criminal case.
New regulations and the changing technological and media landscape raise many vexing and interrelated questions for advisers, their firms and the investing public.
Abbott Labs and Genentech won dismissals in cases against them, although plaintiffs can refile their complaints. Cerner Corp. and BlackRock have reached settlements in class-action cases against them.
The atmospherics suggested that if bills emerge, they will have a difficult path through the narrowly divided House and Senate.
The broker transferred funds from the investment account of a couple whose portfolio he managed directly into bank accounts he controlled, according to the Department of Justice.
Bitcoin's rally and an increase in institutional adoption amplify the need for advisers to educate themselves on cryptocurrencies.
At a Financial Services Committee hearing, House Democrats pressed the leaders of Robinhood and Citadel on whether they're profiting at the expense of retail investors
'Investors harmed by Robinhood’s trading restrictions should be able to argue their case in court, rather than in closed-door proceedings that are too often rigged against claimants,' Warren wrote in a letter to Finra CEO Robert W. Cook.
The company's credit ratings unit let analysts make adjustments that resulted in higher ratings on commercial mortgage-backed securities, the agency alleges.
