Broker-dealers have been competing to lower fees in order to reduce potential conflicts of interest
The $100,000 fine the SEC imposed on a wealth management firm related to its employees’ text messages shows the need for caution in this area
Arbitrators also rebuffed brokers’ counterclaims of defamation and unfair competition
The measure would build on the SECURE Act, but its legislative path is uncertain
More than $3 billion was returned in fiscal 2020 through investigations, voluntary corrections and other programs, according to the agency
Under the rule change, only managers with at least $3.5 billion in equities would have had to publicly report their holdings, up from the current $100 million threshold
Advisory firms should provide more details to reps on how to comply with the new rules, said SEC staff members
Plan sponsors want the services for their participants, but wellness has done little to help people improve their financial lives
Stocks pared their losses during the afternoon as the biggest tech companies recovered
Lee, Crenshaw say the agency is providing leeway to violate the rule, putting investor funds at risk
Paul Horton Smith Sr., who's awaiting trial, targeted California seniors in Ponzi scheme
Oregon, Illinois and others are backing California in a legal attack on the state's auto-IRA system, while the Trump administration has taken the opposite side
Lawmakers say SEC lacks authority to lift current $100 million ceiling and the change risks reducing transparency
CEO David Solomon and his predecessor, Lloyd Blankfein, will return some compensation as part of the deal
A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer
Only 6% of 2,153 candidates who sat for the test in September exercised the option to take it from home
It is arguably a scary time to be a retirement plan sponsor, and many might forgo liability coverage
The proposed rule, which would make it more difficult for retirement plans to invest in ESG, was submitted to the White House last week
Troy Baily of Omaha, Nebraska, was also suspended for six months for selling $210,000 in Future Income Payments
Former SEC, CFTC official puts mutual fund disclosure, ESG policy at top of agenda
