DOL Finalizes State-Run Retirement Plan Rules
Labor wants to see more states, even cities, launch auto-enroll plans, especially for small businesses without retirement plans for workers.
DOL Fiduciary Rule Heads to Court, and Here’s What to Expect
Here’s a snapshot of the action unfolding Thursday, when a judge takes up NAFA’s request for a preliminary injunction against the rule.
SEC Smacks 71 Municipal Issuers for Muni Bond Violations
The issuers sold muni bonds using offering documents that contained materially false statements or omissions about their compliance with continuing disclosure obligations.
Trone, Swisher to Craft ARA, Morningstar Fiduciary Education Program
IRA Fiduciary Adviser education program will prepare advisors for a “continuously shifting regulatory environment,” says ARA's Graff.
Robo-Advice Boosting RIAs' Client Rosters: Report
Automated advice drove a 22.4% increase in the number of RIA clients, according to a report from IAA and NRS.
4 Apollo Advisors to Pay SEC $52M Over Failure to Disclose Fees, Conflicts
Four private equity fund advisors affiliated with Apollo Global Management misled investors and failed to supervise a senior partner's charges to the funds, SEC said.
Focus Financial Files for ‘Confidential’ IPO: Report
An IPO by Focus “would provide retail investors with the best 'pure play' investment in the independent RIA space,” advisor M&A guru David DeVoe says.
FINRA Issues Q&A on Recruiting Practices
Q&A guidance covers such areas as the format of the educational communication, “individualized contact,” delivery requirements and who qualifies as a former customer.
The Future of Robo-Advice
As broker-dealers and asset managers adopt robo technology, pure-play robo-advisors will morph into offerings that also offer a human touch.
Back-to-School Tax Scams on the Rise: IRS
IRS is warning of telephone scammers targeting students and parents demanding payments for non-existent taxes, such as the “Federal Student Tax.”