FINRA Bars Rep for $15M of ‘Unsuitable Trades’ in Retiree Account
The client was a longtime Colgate-Palmolive employee who lost dividends and paid $375,000 in markups and other fees.
Vanguard Cuts ETF Fees as Race-to-Zero With BlackRock Heats Up
Fees lowered on emerging market and European stock ETFs; move follows expense reductions by BlackRock, State Street.
Merrill Trims Fees for Some Clients With Less Than $1M
The cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.
BD Must Repay Tribe $3.4M, Pay $750K FINRA Fine
An advisor that sold $190 million in nontraded REITs and BDCs has yet to resolve charges with the regulator.
Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts
While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
Citi Agrees to Pay $18.M to SEC Over Excess Fees on Managed Accounts
This repayment and fine come two weeks after a similar settlement with New York officials.
Will DOL fiduciary rule drive RIAs to — or from — BDs?
Broker-dealers have an opportunity to ease RIAs’ compliance burden brought by the DOL fiduciary rule.
Retirement plans still remain among the fee-stricken
If financial services firms can’t get retirement plans right for their own employees, that doesn’t bode well for everyone else.
DOL Rule Headache Solved? Dalbar Rolling Out Fee Calculator for Advisors
The tool aims to help advisors determine "reasonable" fees based on the level of skill, time and other costs involved in providing their services.
Vanguard Lowers Fees on 42 Funds
The latest round of reduced expense ratios saved investors $55 million, according to the fund giant.