Hot on the heels of some big victories, law firm Schlichter Bogard & Denton has filed a new complaint alleging fiduciary breach under ERISA.
Breakfast with Benjamin: Securitization comes back and it's not all bad...Plus, how JPMorgan is positioned for rising rates, Deutsche Bank suspends currency traders, GM pays a dividend, and more minimum wage math.
<i>Breakfast with Benjamin</i>: SEC backs away from part of its charges, moving Steve Cohen a step closer to again managing outside capital.
Rule limiting fund leverage represents one of the most aggressive responses by regulators to risks exposed during the 2008 financial crisis
Allegations include that the bank didn't disclose its preference for putting clients' money into its own investment products.
Group also suggested a pool of arbitrators be trained to conduct expungement hearings, but didn't touch the mandatory aspect of arbitration.
Presidential candidate Hilary Clinton directed Democrats in Congress to stop Republican lawmakers from adding language to a government spending bill that would effectively kill a pending DOL rule.
The large settlement underscores the need to ensure reasonable fees and asset classes for investments, and that the overall value of services matches up with cost.
That date still leaves some ETF fans shaking in their boots. The report tells us what happened, but not why or what to do to prevent future recurrences.
SEC enforcement targets provide good examples of what to avoid in annual updates.
Advisers should take a deliberate approach to charting their future. Here's what to look for.
Some highs and lows, swings and misses
Commonwealth Financial Network managing principal John Rooney says a combination of higher costs and less revenue, thanks to the DOL fiduciary rule, will cause widespread consolidation of independent broker-dealers.
Plus: You ain't seen lame until you've seen Congress next year, money manager M&A peaks, avoiding financial fraud, and how the rich get and stay rich
Regulator focuses on potential violations regarding misrepresentations, suitability, and supervision
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
Advisers were pleasantly surprised by the tax package that will provide them more certainty when planing long-term for clients.
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
Robert W. Cook, the former director of the division of trading and markets for the SEC from 2010 to 2013, will take over the reins of the brokerage industry regulator.
Galen Marsh, who allegedly called the stolen data “the world's best cold-calling list,” had some of the data stolen from him and posted on the Internet.
