If approved, the Finra rule would require brokers who receive more than $100,000 in incentive compensation to notify clients in writing; some say it could chill recruitment.
SEC says company overstated performance of its flagship ETF over a seven-year period, and it charged the former CEO for making false and misleading statements.
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The number of arbitration cases brought before Finra was up 10% in the first quarter over a year ago and the proportion of cases resulting in damages being awarded was also up. At least one factor has emerged as the main culprit.
Husband and wife balk over a disciplinary case the board raised for using the term “fee-only” to describe their compensation.
A Finra arbitration panel has ordered UBS Wealth Management Americas to pay one of its former brokers $5.4 million for representing structured products from Lehman Brothers as being suitable for clients even as Lehman began to falter.
You'll need to calculate the risk before jumping on the Yelp bandwagon. For some firms, building out a Yelp marketing campaign will seem like a no-brainer. But for others, the downside may outweigh the upside. Kristen Luke weighs the pros and cons.
Both positive and negative reviews must be posted, commission says
ERISA 3(16) fiduciary plan administrator business is growing, but plan sponsors need to watch out for traps.
Investment advisers embraced an effort by the leader of a congressional tax-writing committee to simplify the tax code but winced at the higher taxes on the wealthy that would be required to pay for the changes.
Despite widespread awareness that the state of financial literacy in our country is dire, precious little has been done at the national level to strengthen Americans' understanding of fundamental money management concepts. Dale Brown of the FSI says that we must — as an industry — focus our attention and our energy on tackling this critical issue on the local level.
It is shaping up to be another wait-and-see exercise on tax policy that once again makes tax planning a challenge for investment advisers and their clients.
Suit on behalf of 1,200 black brokers claimed discrimination in business opportunities.
A group of women advisers contend that a $39 million payout will actually reinforce policies allegedly tied to gender discrimination.
Lawsuit alleged a "deep rooted and pervasive gender discrimination" existed at Bank of America and Merrill Lynch
A recent Supreme Court decision allowing class action waivers tips the scales in favor of Charles Schwab in its scuffle with Finra over the tactic.
Abrogation of rights or a fair system? Opinions fly at <i>IN</i> roundtable
In its battle with Finra over mandatory arbitration, Charles Schwab has backed down, making its clients the winner. But the fight has just begun.
As task force reviews process, regulator pushed to fess up on selection of arbitrators, award collections and case statistics.
