Thrivent Fires Latest Salvo at DOL Fiduciary Rule
Despite the impending litigation, “the responsible business decision [is to] not slow down efforts to comply” with DOL’s rule, says an attorney.
Valliere: How Will Markets React to a Clinton, Trump Victory?
Will a President Trump or a President Clinton extend olive branches to appease the markets?
Under ’40 Act, Robo-Advisors Are Fiduciaries: Morgan Lewis Lawyers
Two attorneys argue that the ’40 Act “applies to all firms meeting the Advisers Act’s definition of investment advisor.”
DOL Fiduciary Rule Forces Merrill to Drop Commission IRAs
Merrill Lynch to encourage its retirement clients to move accounts to the BD’s Investment Advisory Program.
FINRA’s Top 5 Fine Categories in Potentially Record-Setting Year
FINRA’s 2016 fines are on pace to shatter the record-setting 2014 fine levels, driven by a sharp increase in “supersized” fines.
UBS to Pay $15M to SEC for Not Training Reps on Risky Products
The SEC says UBS reps didn't understand the risks of structured notes and sold them to modest income and retired customers.
Credit Suisse to Pay $90M to SEC Over Sales Target Malfeasance
Credit Suisse “reverse-engineered” the process for recognizing net new assets to meet sales targets, says SEC enforcement chief Ceresney.
DOL Fiduciary Rule Is on the Docket
The industry was bracing itself in mid-September for the first decision in the string of lawsuits against the Department of Labor's fiduciary rule.
Mary Jo White's Swan Songs Off Key, Critics Say
Several SEC rulemakings are up in the air as Mary Jo White's term as head of the agency nears its end.
Clinton, Trump Economic Advisors Spar in Debate
Obamacare “is a true catastrophe,” Trump advisor Moore said, while Clinton advisor Sperling argued the country’s problems stem “from the financial crisis.”