Enforcement Roundup: Investors Win $900,000 in FINRA Arb Over Nontraded REITs
In other enforcement news, FINRA fined Barclays over electronic record storage and Instinet felt the SEC's wrath for improper soft-dollar payments.
DOL Fiduciary Redraft Likely Out by May
A proposed regulation of the DOL's fiduciary rule could be out by April or May, said Brian Graff, executive director of ASPPA and NAPA.
Advisor Opposition to DOL Fiduciary Revamp Still Strong: Poll
The poll by FSI also gauged advisors’ stance on a number of other issues, like the economy, taxes and succession planning.
Beware a Fiduciary ‘Wild West’: ASPPA Chief
ASPPA CEO Brian Graff lays out two hot issues to watch: DOL's coming fiduciary proposal and the growing specter of state-run retirement plans.
SIFMA Launches Investor First Initiative; CEO Gregg Says SEC Should Go First on Fiduciary
The “Our Partnership with You” initiative is designed to help investors “get the most” out of their relationship with their advisor.
SEC, DOL, FINRA Enforcement: SAC Capital Could Plead Guilty
Among other recent enforcement actions, DOL retrieved $1.6 million for Sunkist employees and FINRA fined and censured Scottrade.
Senate Banking Aide: Committee Has ‘No Interest’ in Bill to Block Fiduciary Rules
Wagner bill passes House, but Senate Banking's Johnson says he won't focus on any bill "the president clearly has no interest in signing."
DOL’s Borzi: Fiduciary Redraft Could Advance by Year End
“We are coming very close to finishing our work” on the reproposed rule, said DOL's Borzi.
SEC, DOL Enforcement: Diebold, Stryker Busted for Bribing Foreign Officials
Diebold, manufacturer of voting machines and ATMs, to pay $48 million penalty; DOL recovers more than $4 million over ESOP scam.
Audit Faults EBSA for Inadequate Oversight
The Office of Inspector General concluded the agency is not providing enough oversight of ERISA retirement plans that invest in alternative investments.