Financial Choice Act Hearing Date Is Set
“Republicans are eager to work with the President to end and replace the Dodd-Frank mistake,” House Financial Services Chair Hensarling said.
Why Individual Investors Support Fiduciary Rule: Financial Engines Survey
A survey from the nation's biggest 401(k) advisor found that 93% of Americans want advisors working on retirement accounts to put client interests first.
New York RIA Registration Quirks
State investment adviser regulations can vary rather dramatically from state to state. Yet New York's regulatory regime stands out as perhaps the quirkiest.
Supreme Court May Clip SEC’s Enforcement Power
A key SEC enforcement tool may soon be reined in by the court.
Even Fiduciary Champions Push DOL to Change Rule
Comments from fiduciary rule supporters, like the Investment Adviser Association and Vanguard, urged the Labor Department for revisions.
Government Shutdown Could Roil Markets, Tax Cuts Still Doable: Friedman
Republicans will cut taxes this year to avoid embarrassment, but full-scale reform is uncertain, says Washington Update's Andy Friedman.
What to Make of Merrill's Reorg, New Ads
Is Merrill Lynch — now led by Andy Sieg — wrestling with issues tied to the DOL's new fiduciary rule?
Jailed Advisor Barred for Interstate Email Scam
An advisor led clients to believe he had purchased various investments for them by sending them fraudulent Morningstar client summaries.
HighTower to Buy $6.4B RIA Aggregator WealthTrust
The larger advisor rollup firm says it added a $75 million credit facility to fund its largest deal to date.
GOP Proposes Radical Change to 401(k) System
Move to Roth system could have unintended consequences, including killing employers' incentives to offer defined contribution plans.