Senate Finance Lawmakers Introduce Retirement Bill
Bill would allow individuals older than 70 ½ to continue contributing to IRAs.
Are Robo-Advisors Really Better Fiduciaries Than RIAs?
Yes, digital advice platforms offer low fees, but is that enough to make them superior fiduciaries, or even fiduciaries at all?
JPMorgan Slammed With $264M in Sanctions Over Corrupt Hiring Practices
JPMorgan’s hiring of some employees at the request of foreign government officials allegedly enabled the firm to win business.
SEC’s White: No SEC Fiduciary Rule Coming Before January
In her final House Financial Services panel testimony, White also said that the agency is still “significantly” underfunded.
Black Swans, Trump’s Victory, DOL Rule: Black Swan Expert Explains
Dr. Renaud Piccinini, a risk authority and black swan expert, discusses Trump’s election, risk management and the DOL fiduciary rule.
BD Charged With Fleecing Seniors With Unsuitable Products, High-Pressure Contests
In one case, a woman dying of cancer in Massachusetts was pressured to buy a variable annuity.
Elder Financial Abuse Appears to Be Worse Than Thought: Allianz Life Study
The survey found that 37% of active caregivers said the elder under their care had experienced financial abuse or exploitation with a loss.
Deciphering ‘BICE-Lite’ in the DOL Fiduciary FAQs
DOL’s streamlined provision for recommendations of distributions and rollovers by “Level Fee Fiduciaries” is useful, but strings are attached.
SEC Chief White to Step Down in January
White has championed a fiduciary rule for all advisors and pressed Congress to raise its budget so it could increase investment advisor exams.
Mnuchin Said to Be Top Treasury Pick Among Trump Advisers
Key transition members said to suggest ex-Goldman partner; president-elect seen making an announcement later this week.