The Mysterious Case of the Unpaid Arbitration Awards
Too many investors win securities arbitration awards and never see a penny, Bob Clark writes.
The DOL (and SEC) Fiduciary Rule and the Two-Hat Dilemma
Michael Kitces is right that the fiduciary issue is one of the brokerage industry’s own making, which is why it's still wrestling with the complications.
The Gloomy Future of (Independent) Broker-Dealers
If Michael Kitces is right, a fiduciary standard for all retail advisors may well spell the end of non-underwriting broker-dealers.
More Revelations From Anti-DOL Fiduciary Rule Crowd
Opposition from the broker-dealer community to the Department of Labor's pending fiduciary rule may be all about its own survival, and FINRA's.
If Broker Arbitration Is Good for Investors, Why Is It Mandatory?
FINRA and its member broker-dealers inherently have a massive PR problem—one that isn’t going to go away with some lipstick and a bit of makeup.
Fiduciary Debate 2016: A Watershed Year
A January paper released by the Institute for the Fiduciary Standard detailed regulatory and fiduciary issues on the table in 2016, among them, the SEC's fiduciary standard for brokers.
Broker Arb Lessons From Animal House and Brian Hamburger
A reader questions my objectivity on broker-dealers and FINRA arbitration. I respond, then get Brian Hamburger to weigh in.
The Bright Side of Investor Distrust
If, as a recent poll found, investors are "scared" of working with advisors, that might be a good sign.
Will Active Share Be the Robo-Advisor Killer?
Research shows that fund managers who don't blindly follow their bogeys can outperform. Picking them can justify your advice, and your fees.
A Fiduciary Primer: What’s a Rep’s Responsibility to Clients?
Questions from a veteran RIA — and former broker — reveal the lack of understanding among advisors of the fiduciary issue.