IRI: VA Summary Prospectus Rule From SEC May Finally Be Coming
IRI, the annuity trade group, also sees the DOL's fiduciary plan advancing in early April.
SEC Adopts JOBS Act Reg A Update as NASAA Raises Concern
SEC adopts final rules to facilitate smaller companies’ access to capital by updating and expanding Reg A.
Senate Banking’s Shelby: DOL Fiduciary Hearing May Occur
Senate Banking’s Shelby says DOL redraft hearing may be in the offing and adds he would be ‘reluctant’ to support user fees; New York comptroller pushes fiduciary law.
SEC Chief White: Fiduciary Rulemaking Just Getting Started
Any such rule is “still a 'whether' question," SEC chairwoman says, pointing out she is only "one of five votes" on the commission.
Evensky, in Reversal, Sees Annuities as Vital for Retirement
Evensky talks to ThinkAdvisor about why he changed his mind on annuities and why the notion that fiduciary advice will raise investor costs is “balderdash.”
SEC, FINRA Enforcement: Firm Fined Over Interfund Loans
Meanwhile, FINRA censures and fines Thrivent Investment Management for failing to deliver thousands of trade confirmations of mutual fund transactions.
BNY Mellon to Pay $714M for Bilking Forex Customers
Bank of New York Mellon will repay $84 million to customers it admitted to defrauding through its "standing instruction" foreign exchange trading program.
DOL’s Authority to Define Fiduciary Questioned
"Please explain to us how ERISA gives DOL jurisdiction over an individual’s relationship with a personal investment advisor,” said Rep. Hal Rogers, R-Ky.
SEC Chief White Backs Fiduciary Rule for Brokers
Uniform fiduciary standard should be “codified principles-based and rooted in the current fiduciary standard for investment advisors,” Chairwoman Mary Jo White said at SIFMA event.
How Kickstarter Can Help IRA Investors
Self-directed IRA investors who are interested in alternative strategies should explore opportunities with entrepreneurs trying to raise funds, Pensco says.