A former Finra director says wild market gyrations over the summer will induce cases that could take months to fully reveal themselves.
Investor was sold aggressive investment strategies despite stating low tolerance for risk.
The initiative, signed into law in January, can't get off the ground until the president nominates members to the registry's board.
Due diligence considerations that plan advisers should make when a fund has adopted swing pricing.
Ex-Morgan Stanley broker now only has to pay about half of $2.9 million he was originally ordered to pay by Finra arbitrators.
As part of her claim, ex-broker alleges the wirehouse's recent move toward mandatory arbitration is an attempt to prohibit employees from publicly challenging unfair practices.
Rules proposed by Finra and MSRB would require brokers to detail the price differences they and the clients pay for corporate and municipal bonds.
Predictions on what the Labor Department's fiduciary rule will look like when implemented, and when that implementation might occur.
Pitt, Cox and Schapiro agree that putting client interests first should be a priority.
In a proposal for financial reform released by her presidential campaign Thursday, the former secretary of state implicitly endorsed the Labor Department's proposal to increase standards for retirement advice.
A DOL official said the regulatory project around lifetime income projections has stalled due to a split in opinion.
<i>Breakfast with Benjamin</i>: Security guard/waiter/travel agent posing as a hedge fund manager has been convicted of stealing more than $800,000 from 17 investors.
Legion M offers hope for a Hollywood-level debut.
<i>Breakfast with Benjamin</i>: As robo-advisers flood the zone, investors (and human financial advisers) should continue to proceed with caution.
<i>Breakfast with Benjamin</i>: Instead of needing 80% of your pre-retirement income, you can probably make it with 60%.
Five years after Dodd-Frank, agency puts issue on official calendar, signaling the rule is a priority.
<i>Breakfast with Benjamin</i>: According to the COP21 conference in Paris this week, global warming is on a pace to eventually hurt the economy.
Finra says it is more interested in supervisory lapses, suitability issues with complex products and selling away than big-money fraud.
Too complex and cumbersome, provision would exclude investments such as alternatives from list of options.
<i>Breakfast with Benjamin:</i> SEC chairwoman Mary Jo White says the agency is taking a hard look at ETFs' role on Aug. 24, when stocks dropped like a rock, and the agency's trading rules are part of the scrutiny.
