Half a dozen markets will test the new platform before potential approval nationwide.
The self-regulatory organization is continuing its recent push to hold broker-dealers accountable for the suitability of product sales.
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
Fines, levied in July and August, top $500,000; Voya Financial takes biggest hit
For those looking for more than just account-level “multiple choice” investing, there's no substitute for an adviser.
The research firm was acquired to help TD better deliver big data capabilities to RIAs.
The two bills would require Congress to approve the rule. Fight on a best-interests standard is now split straight down party lines.
New software helps advisers maximize spendable income for clients.
Retail robos have a lot to offer investors, but are they really as good as they seem?
Think small data, mobile strategies, more virtual advisers and yes, robos.
A common mistake is painting yourself as the hero instead of your clients.
African-Americans are more bullish on the stock market than they have ever been, but still feeling sting from the U.S. real estate crash.
T3's Bruckenstein says more than 20% don't use it, while another 20% think they do but really don't.
Banks are watching wealthy clients flirt with robo-advisers, and that's one reason the lenders are racing to release their own versions of the automated investing technology.
Though fines dropped last year, experts think the regulator's revised sanctions guidelines will mean an upward trend in penalties as well.
Advisers can help elderly clients avoid being a target, securities regulator says.
<i>Breakfast with Benjamin</i> These days, running for president means talking tough about Wall Street reform.
David Edwards of Heron Financial Group says advisers shouldn't be afraid to experiment on the web.
As trends are pushing firms to become more tech savvy, an opportunity emerges to stand out from the crowd by embracing the old.
