Annuities Group, Fearing ‘Chaos,’ Urges Court to Freeze Fiduciary Rule
NAFA tells the court about "extraordinary challenges to comply with this flawed rule."
Wells Fargo’s Sloan Played Role in Pre-Scandal Exit of Retail Bank Chief
Wells Fargo letter describes private talks that prompted departure of Tolstedt; new CEO’s influence outlined in reply to California lawmakers.
Mnuchin Said to Be Trump’s Treasury Pick
Little known about ex-Goldman Sachs executive’s currency views; billionaire investor Wilbur Ross said to be Commerce choice.
In DOL/Post-DOL Fiduciary World, RIAs Need to Re-Differentiate
How RIAs should respond to what's likely to be a new wave of deregulation.
Financial Advisors Voted Overwhelmingly for Trump: FSI Poll
Financial advisors favored Trump over Clinton by a ratio of more than 3 to 1, according to a post-elction poll from FSI.
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.