Legislation would give advisers the option to have cases tried in federal court instead of in forums presided over by the agency's administrative law judges.
Even those who backed similar legislation two years ago now support the Labor Department's proposal to change investment advice standards for retirement accounts.
National Compliance Services Inc. and Regulatory Compliance say their product lines complement one another, and together they can meet increased demand as more advisers become independent and regulations proliferate.
SEC says investors lost about $5.5 million in first case against an issuer of structured notes.
The proposed fiduciary standard will have the biggest impact since the deregulation of the securities industry a few decades ago.
Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud.
Latest exam data from state regulators show deficiencies are down dramatically, but some areas are particularly problematic.
American Society of Pension Professionals and Actuaries now plans to shape -- not kill -- the proposal.
<i>Breakfast with Benjamin</i>: Warren Buffett's distaste for activist investing boils down to simple math.
Bipartisans in Congress &mdash; as well as business and labor groups &mdash; are coalescing to try to stop a tax on high-premium health care plans.
Exchange warning on share price comes as Massachusetts securities cop Galvin <a href="//www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy"" target=""_blank"" rel="noopener noreferrer">charges its wholesale brokerage, Realty Capital Securities, with proxy fraud</a>.
Proposal would bring its dispute resolution arm back in house.
Finra says Edward Jones, Stifel Nicolaus, Janney Montgomery Scott, Axa and Stephens failed to waive sales charges for certain retirement accounts and charities.
Experts in the financial industry question what spillover effect it will have on such clauses for brokers.
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
The regulator's Board of Governors authorized amendments to the code of arbitration and also approved a separate item to protect senior investors.
Concerns involve linkages between these prospecting meals — popular with seniors — and sales of high-fee investment products.
The question for Finra: How deep is their resolve to make BrokerCheck as popular as services like Yelp, TripAdvisor or Angie's List?
Today's hearing on 2016 budget discussed the DOL rule as well, with a lawmaker asking Chairwoman Mary Jo White, 'Why are you allowing the Labor Department to take over your territory?'
<i>Breakfast with Benjamin</i>: A former Edward Jones adviser is sentenced to five years in the slammer for bilking a disabled woman out of more than $100,000.
