Time for the industry to respond positively to a fiduciary standard, perhaps seeking a few clarifications and minor tweaks, but no longer seeking to kill it entirely.
<i>Breakfast with Benjamin</i>: No longer blaming earnings shortfalls on the weather, CEOs are now passing the buck to the strong dollar.
<i>Breakfast with Benjamin</i>: The firm is closing or consolidating 20 money market funds with $200 billion in assets.
Mr. Weiss and his firm will pay $8.4 million in relief to investors he duped in tobacco-related scheme
In longest-running arbitration case in 20 years, panel rules leveraged derivative investment was unsuitable.
The latest pretend adviser to emerge, Leroy Brown Jr., may win a grand prize for lying.
While disclosures of negative personal financial events are not pleasant, the consequences of not making them can be severe.
The late comedian's estate plan is back in the headlines: This time, his beneficiaries are embroiled in a legal fight over the interpretation of his trust.
New study finds that clients believe their financial advisers act in their best interests, even when they aren't required to.
Brokers who sell index funds may get a leg up from newly proposed requirements that would impose more stringent advice standards.
New regulations aside, megatrends will demand that advisers align themselves with clients.
Survey intended to inform regulators, prevent financial abuse of elders.
Agency says wirehouse executed short sales in some stocks even when supply fell short.
Regulator wants to know if customer protection rule was violated
Aaron Parthemer, left, a Wells Fargo adviser for a number of NFL and NBA players, allegedly ran a hip hop dance club in South Beach without telling his employer.
The Department of Labor, led by Secretary Thomas Perez, proposed a highly anticipated and controversial rule Tuesday that would require brokers working with retirement accounts to act in the best interest of clients.
In the most complex scenarios, you may answer to DOL, Finra and SEC.
Advisers should seek the highest level of professional competency, not for economic gain, but out of a sense of professional obligation to clients
