DOL Releases New Fiduciary FAQ on Retirement Plans
ERISA attorneys view guidance as favorable, with one warning of potential "traps."
Senate Confirms Giancarlo as CFTC Chief
Two commissioners were also approved to help lead the derivatives regulator.
Pharma Founder Bilked Investors to Fund Restaurant Business, SEC Says: Enforcement
The PCAOB announced a $1 million settlement with PwC for violations in its audit of Merrill Lynch’s compliance.
Skip Schweiss: The Real Reason the Industry Is Fighting the DOL Fiduciary Rule
Most objection to the rule centers around one provision, TD Ameritrade Institutional's Skip Schweiss tells ThinkAdvisor, and that could shape any revisions by DOL.
SEC Ditches Plan for Third-Party Advisor Audits
Also dropped from the agency's regulatory agenda: stress tests for larger advisors and target date fund disclosure updates.
A Look Inside LPL’s DOL Fiduciary Strategy
Whether the rule is enforced Jan. 1 or not, the IBD will go forward with its new compliance tools, LPL's Bill Morrissey told ThinkAdvisor.
Judge Hammers DOL on Fiduciary Rule’s BICE
“I’m sort of befuddled about why this whole hornet's nest was created,” a judge on the three-judge panel said.
SIPC, FINRA to Offer Simpler BD Filing Process
Starting Sept. 1, firms that currently file annual reports separately with SIPC and FINRA will file just once.
Two Ways LPL Plans to Innovate: New Mobile App, Virtual Assistants
At its Focus conference, CEO Dan Arnold shares details about a mobile app for clients and the IBD's experiments with “Uberization.”
Wells Fargo Customers Sue, Claiming Auto Insurance Scheme Was Scam
Customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them into a financial spiral.