SEC, DOL Enforcement: Fiduciaries Fined $4.7M Over Fake Health Plan
Also, co-owners of Reliance Financial Advisors charged with making false statements to clients investing in a risky hedge fund.
The ERISA Mystery
ERISA is a complex law and advisors are still confused about it.
Wells Fargo Fined $5M Over Advisor’s Insider Trading, Altered Document
SEC says Wells Fargo Advisors was slow to release required compliance documents and "altered" one related to sales of Burger King stock.
Most IRA Investors Withdraw the Bare Minimum: EBRI
Why? Taxes are a big driver of keeping withdrawals small, IRA expert Ed Slott says.
8 Fastest Growing Financial Services Jobs: 2014
ThinkAdvisor parses BLS data to find out where the hiring is likely to be through 2022 — with good news for financial advisors.
SEC, FINRA, DOL Enforcement: Iowa Advisor to Repay 68 Pension Plans
In other actions, FINRA censures and fines New York-based Banesto Securities Inc., now known as Santander International Securities Inc., $650,000 for custody failures.
SEC, FINRA, CFPB Enforcement: BofA Busted for Illegal Credit Card Practices
In other actions, Hewlett-Packard will have to pay $108 million to settle SEC and DOJ charges of FCPA violations.
Did March Mark a Tipping Point in Fiduciary Rulemaking?
The DOL displayed renewed energy on its fiduciary rulemaking, while the SEC signaled caution on its fiduciary standard, which may well be a good thing.
Detroit Eligible for Bankruptcy, Judge Rules
Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision.
As NASAA’s New President, I’m Starting a Campaign for ‘Smarter Regulation’
The trick is to balance the legitimate interests of investors with the legitimate goals of entrepreneurs and to adopt policies that are fair to both.