6 Ways Advisors Can Protect Against 401(k) Lawsuits
MarketCounsel CEO Brian Hamburger talks about how advisors can limit liability as the lawsuits against 401(k) and 403(b) plans proliferate.
LPL 'Has Heard' Advisors on Need to Boost Service, Says President Arnold
The IBD outlines progress it has made and rollouts to come at annual conference.
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.
3 IRA Transactions Exempt From DOL Fiduciary Level Fee Rule
There are three recommendations that are fiduciary in nature and automatically result in prohibited transactions under DOL's fiduciary rule, and they all involve IRAs.
Law Firms Risked It All on 401(k) Fee Suits, and It’s Paying Off
Despite some major recoveries in class actions over excessive 401(k) fees, few lawyers are willing to litigate these cases.
‘Messy’ Times Are Behind LPL, CEO Casady Says
"We have rounded a corner through our heavy investments," LPL CEO Mark Casady tells some 3,500 registered reps at the IBD's conference.
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.
401(k) Lawsuit Accuses Morgan Stanley and Board of Self-Dealing
A former employee says Morgan Stanley knows exactly who should buy its worst performing funds: the bank’s own workers.
Facing Off: The 2016 Broker-Dealers of the Year
The leaders of the 2016 Broker-Dealers of the Year are ready to face the changes wrought by the DOL's fiduciary rule.
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.