State Street to Pay $382M Over Hidden Markups in Foreign Currency Trades
State Street set prices driven by predetermined markups and made no effort to obtain the best prices for clients, regulators say.
In Pleas to SEC, Businesses Slam Sustainability Disclosures
Businesses have pushed back against the SEC's efforts to make them disclose their environmental impact and stances on public policy matters.
Does DOL Fiduciary Rule Create a New Right to Sue?
The lawsuit by NAFA challenges the rule on six counts, but the key question is whether the rule creates a new private right of action.
Senate Shakeup Likely as Congress Up for Grabs
Some powerful committee seats could change hands after the election, analysts say. Meanwhile, there's still a budget to pass under voters' watchful, election-season eye.
Is Your Business Prepared to Handle Disruptions?
The DOL fiduciary rule has been seen as a roadblock, but RIAs are a step ahead.
SEC Proposes New Rule to Require Business Continuity Plans
On June 28, the SEC proposed Rule 206(4)-4, which would formally require SEC-registered advisors to adopt written business continuity plans (BCPs).
SEC Launches Exam Sweep of RIAs’, Broker-Dealers’ Share Class Picks
The sweep will identify conflicts of interest in recommendations for mutual fund and 529 plan share classes with “substantial loads or distribution fees.”
Justice Dept. Tallies Cost to IRA Investors of No DOL Fiduciary Rule
Lawsuits against the DOL's rule moved forward, but the DOJ defended it in a separate court.
New Salesforce Tool Helps Financial Institutions Comply With Fiduciary Rule
MoneyGuidePro also released a new fiduciary-focused tool.
How to Comply With IRA Comp Rules Under DOL Fiduciary
Advisors beware: It’s a prohibited transaction for tax-qualified, ERISA-governed retirement plans, including IRAs, to pay more than reasonable compensation to the plans’ service providers.