Kevin Knull’s 6 Parts of a DOL-Friendly Financial Plan
Kevin Knull, president of PIEtech, creators of MoneyGuidePro, tells ThinkAdvisor what advisors must know about their clients in order to work in their best interest.
FINRA Fines VALIC $1.75M Over Comp Policies, VA Sales
For three years, reps had incentives to move assets into proprietary products and were not adequately supervised, the regulator says.
CFPB Warns Financial Firms About Incentive Programs That Lead to Fraud
CFPB’s bulletin warns against the kind of incentive programs that led to the abuses at Wells Fargo.
Kansas Judge Upholds DOL Fiduciary Rule
In the rule's second legal victory, a Kansas federal judge rejected insurer Market Synergy's request to block it.
Wells Fargo Pushes to Settle Claims Over Fake Accounts via Arbitration
Customers are suing the bank for millions plus punitive damages.
Trump’s Bank-Reg Rollback Plans May Get Boost From EU
The EU is proposing to soften European bank regulatory rules, which could support Trump's plans to ease bank regulations in the U.S.
DOL Fiduciary Rule Infringes on Advisors’ Freedom of Speech, Lawsuit Claims
U.S. District judge in Texas hears a First Amendment argument against the Labor Dept.’s fiduciary rule under ERISA.
Technology Critical to Meet Increasing Compliance Burden
Regulators are using technology to crack down on financial services firms; advisors should use the same technology.
Three Top SEC Officials to Leave Agency
The agency's chief litigator and director of trading and markets are among those on their way out before January.
Galvin Charges Firm With Unregistered, Fraudulent Advising: Enforcement
Bruce Horowitz, whose company was charged, also has a record of grand larceny and fraud in New York.