House GOP Introduces Bill to Overturn DOL Fiduciary Rule
The Affordable Retirement Advice for Savers Act is a "more responsible solution," Rep. Phil Roe says.
Former Cetera CCO Breton Joins Triad Advisors
Bernie Breton will help Triad navigate fiduciary rule compliance.
DOL Takes First Step Toward Fiduciary Rule Changes
Labor has released a request for information seeking public input on potential further changes to its fiduciary rule; a top Schwab lobbyist weighs in.
Planners Fear Unintended Consequences as DOL Rule Compliance Date Nears
Meanwhile, ERISA attorney Fred Reish worries that small firms aren't ready to comply with the DOL fiduciary rule.
SEC Bars, Fines Advisor for Multiple Fiduciary Breaches
Most of the advisor's clients were individual investors, many older than 60, retired or nearing retirement.
SEC Slams BD for Routinely Violating Anti-Money Laundering Rules
Utah-based Alpine Securities “routinely and systematically” failed to file suspicious activity reports for stock transactions that it flagged as suspicious, SEC says.
SEC Fiduciary Rule Cannot Replace DOL’s: Financial Planning Coalition
Any work done by the SEC “should not stymie or undercut” Labor’s fiduciary rule, the Coalition states.
LPL Chief Risk Officer Oroschakoff Is Now Firm’s Top Lawyer
She expands her role as David Bergers departs LPL for a position in private practice.
SEC Jumps Into Fiduciary Rule Fray, Seeking Comments on ‘Future Action’
SEC chief Jay Clayton said he looked forward to “robust, substantive input” on advisor and BD standards of conduct.
FINRA Bars Former Morgan Stanley Rep Over Venezuelan Bond Trades
Rep concealed approximately $190 million in Venezuelan bond trades from the firm.