DOL's (Possible) Loss Could Be Your Gain
Many advisors are lamenting attempts to dismantle the Department of Labor's new fiduciary rule. I have a different take on this.
Indie BDs Are Dwindling. Should FINRA Be Concerned?
It's a question that caused even former SEC Chairwoman Mary Jo White to scratch her head: Why are the number of broker-dealers dwindling?
Financial Choice Act Faces Uncertain Future
While the Financial Choice Act of 2017 passed out of the House Financial Services Committee in early May, chances of getting it through the Senate fully intact are unlikely.
When Do Advisors Have Custody Relief?
On Feb. 21, the SEC released guidance clarifying when advisors will be deemed to have custody with respect to standing letters of authorization (SLOA).
DOL Looking for Reason to Delay Full Fiduciary Compliance Date: Lawyer
The department says it will issue a Request for Information; the findings could give it cover to delay past Jan. 1, lawyer Erin Sweeney says.
Brisk Asset Management Firm M&A Activity to Continue in '17: Casey Quirk
Forty-four deals occurred in the first quarter, Casey Quirk reports.
SEC Charges Government Insider in Illicit Trading Scheme: Enforcement
The SEC also charged a man who manipulated the price of Fitbit stock by making a phony regulatory filing.
DOL Fiduciary Deadline Is Coming. Here’s a Compliance Checklist
Compliance firms and attorneys are busy giving advisors, BDs and plan sponsors a to-do list as the June 9 compliance date nears.
A Step Backward in Financial Regulation
The Financial Choice Act will make the financial system less safe, and it won't eliminate bailouts in a future crisis.
BD Stocks Feel Bite as DOL Fiduciary Deadline Nears
Meanwhile, financial analysts say Trump could bring broker-dealers, insurers and asset managers relief from some aspects of the reform package.