Latest 403(b) Suit Targets Columbia University
"Until employers recognize their duties and fulfill their duties, these cases will keep coming," says lawyer Charles Field of Sanford Heisler.
Hearsay Launches New Social Media Tool for Advisors
The platform tracks client communications, suggests steps for advisors to take and gives broker-dealers data for building best practices.
Ex-Perella, JPMorgan Banker Convicted of Tipping Dad on Health Mergers
Verdict in Sean Stewart case signals prosecutors can successfully prosecute family members in insider trading cases.
Billionaire Investor Steven Cohen Blocked From Managing Commodities Hedge Funds
CFTC, following on heels of securities regulators, restricts Cohen's management until 2018.
Ex-Stifel Broker Loses FINRA Case Over Unauthorized Farm Loan
The broker must pay his former BD after he borrowed money from a client to buy farmland without proper approval.
Hundreds of Thousands of 401(k)s Up for Grabs After DOL Fiduciary Rule
Broker-dealers are wondering what to do with small plan sponsor clients serviced by generalist wealth managers.
SEC Charges Hedge Fund Manager in Scheme Involving Terminally Ill
Donald Lathen allegedly paid 60 patients $10,000 each to use their names on accounts, redeeming their investments after they died.
Suits Against NYU, Yale, Duke Over 403(b) Fees a ‘Sign of Things to Come’
“This may be a whole new chapter in 401(k) and 403(b) fee litigation,” employee benefits lawyer Carol Buckmann says.
Federal Court Broadens Investment Advisor Definition
A state-registered advisor selling unregistered securities was acting as an investment advisor because he took "compensation" by stealing client money, an appeals court ruled.
FPA Hires Colacci as Public Policy Counsel
Josephine Colacci will help push for an SEC fiduciary rule and other Financial Planning Coalition policy efforts.