Sex, Drugs and Pay-to-Play Fraud Hit New York Pension Fund: SEC
Two brokers were charged with providing thousands of dollars in gifts to a former NY state pension fund official in exchange for billions in business.
FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of Records
The companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
The Roth Annuity: A Bright Star in Annuity Investing
Adding a Roth IRA can eliminate or reduce the impact of the downsides of an annuity investing strategy and can improve the future tax scenario.
Court Refuses NAFA Bid to Block DOL Fiduciary Rule
The Department of Labor has scored another legal victory for its retirement rule, this time in federal court in Washington.
Annuity Sales to Plunge Under DOL Fiduciary Rule: Cerulli
IRI also says that industrywide annuity sales in the third quarter dropped 12% from a year ago.
Mercer Bullard: Think DOL’s Fiduciary Rule Is Too Strict? Blame SEC
The investor watchdog talks to ThinkAdvisor about why SEC Chair White has failed investors and why Social Security shouldn't be confused with annuities.
Betterment CEO to Trump: DOL Fiduciary Rule ‘Worth Your Time’
The independent robo-advisory took out full-page ads in the NYT and WSJ asking the president-elect and readers to get behind the rule.
What the Future of Social Security Looks Like: Bill Reichenstein
Reichenstein, a CFA and university professor, explains how to extend the trust fund's solvency and reveals some strategies retirees overlook.
Star LPL Rep Charged With Annuities Fraud; Targeted Elderly
A client in her 80s with dementia and limited funds was sold an annuity with a seven-year surrender policy, Massachusetts regulators say.
Citizens Financial to Start Robo-Advisory Platform With SigFig
The Royal Bank of Scotland is partnering with SigFig to launch a robo-advisor platform next year.