Fintech Leaders Cautious as Online Lender Regulations Loom
Financial technology representatives told Congress that they were wary, but not outright opposed, to new regulations being considered for the online lending sector.
Morningstar, ARA Deliver Fiduciary Education Program
The program "sets a new standard for fiduciary practices that goes beyond the mere letter of the law," says ARA head Brian Graff.
Former SEC Chief Walter Joins Investor Advisory Committee
SEC named three new members to its Investor Advisory Committee, including former SEC Chairwoman Elisse Walter.
The Future of OSJs: Does Size Matter?
Eric Schwartz of Cambridge and others say industry trends are pushing more advisors to join a certain size branch.
Justice Dept. Defends DOL Fiduciary Rule
The DOJ is urging a Washington federal judge to reject NAFA's DOL fiduciary rule challenge.
A Subtle Benefit of Being an Independent Advisor
With no manager expecting higher “production” as you research stocks or bonds, you can actually pick what’s best for those clients.
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.