GPB's founder was an accountant who couldn't do the firm's accounting.
Finra CEO Robert W. Cook defended the broker-dealer self-regulator, citing efforts to rein in firms with long disciplinary histories and protect senior investors.
Congress is trying to address the incompatibility of the accounts as state auto-IRA programs proliferate.
'It’s crystal clear for the prospective client that the insurance producer is selling,' says an insurance industry representative.
After a relentless stock rally, central bank makes its final policy announcement of 2023.
The legislation is unlikely to get the president's signature, and it probably couldn't stop the DOL's fiduciary rule.
On day one of public hearing, critics argue potential new measure will alienate some clients and is 'overbroad, unnecessary and inconsistent.'
LPs are using the technology more and also keen to invest in AI firms.
'They’re making x dollars in a brokerage account,' says advisor. 'Just charge the client x but give them fiduciary advice for that x.'
Some broker-dealers are 'in a bit of a pickle' due to how they invested client cash, industry executive says.
Alpine Securities' appeal of Finra's ban could threaten a web of self-regulatory organizations that oversee broad swaths of the U.S. economy.
'You don’t need to reinvent the wheel here. You’ve got the building blocks to address [AI and predictive data analytics] concerns,' says a member of the advisory committee.
'Who were the accountants? Lending securities can be lucrative,' a compliance executive says.
Benefits will be higher next year, but long-term financial concerns persist.
Traders continue sharing information using unauthorized messaging platforms.
Once again, annuities are at the heart of a debate over retirement savings and investor protection. The DOL says state oversight of sales of the products isn’t strong enough.
As a financial advisor for more than 30 years, Diane Young has seen fiscal and retirement policies affect her clients. If voters in Michigan’s 10th District elect her, she’ll have a role in shaping the decisions Congress makes.
President Biden's budget request may all come down to a Trump era legal dispute.
'The loophole they’re talking about isn’t only used by billionaires,' advisor warns.
Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.
