401(k) Fees Attracting More Attention — From Lawyers
Here’s a term you really don’t want used to describe your 401(k): “One of the most expensive plans in America.”
DOL Fiduciary Hearing in Texas Set for Nov. 17
The federal judge in Texas overseeing the three lawsuits filed in the state against the DOL's fiduciary rule will hear oral arguments from both sides.
FINRA Enforcement: RBC Failed to Report Reps' Wage Garnishments
Meanwhile, New York-based Jefferies was censured and fined on TRACE execution time reporting failures.
DOL Clarifies Fiduciary Rule for Insurance Companies
The DOL has issued "technical corrections" to the fiduciary rule related to BICE; meanwhile, the House introduced a funding bill that would kill the rule.
Sen. Warren Blasts SEC Disclosure Initiative as Harmful to Investors
The attempt to simplify public company disclosure requirements is an "ill-conceived" waste of the SEC's time, Sen. Elizabeth Warren says in a letter.
Citigroup Exec to Join Vanguard to Lead Legal Department
Anne E. Robinson will replace Heidi Stam as general counsel and managing director of Vanguard's legal and compliance division.
SeniorSafe, Crowdfunding Bills Pass House
The House also passed a bill raising the limit on the number of individuals who can invest in certain venture capital funds.
In New Fiduciary World, Should Governance of the CFP Board Be Tweaked?
A veteran planner who spent quality time on the CFP Board and FINRA arb boards suggests CFPs themselves should control the direction of the profession.
Anatomy of an IRS Phone Scam
Despite the IRS' attempts to shut it down, this scam keeps reappearing. Make sure your clients don't fall for it.
SEC to Put Investors’ Understanding of 12b-1 Fees to the Test
SEC Investor Advocate Rick Fleming says the SEC will be "actively involved" in a program next year testing investors' understanding of mutual fund cost disclosures.