Will DOL's Rule Lay an Accidental Fiduciary Trap?
By Allison BellThe fiduciary rule proposal leaves ambiguity that some say could have a chilling effect on financial guidance.
February 26, 2024
Berkshire Inches Toward $1T ValuationThe conglomerate just posted higher operating earnings thanks to a jump in insurance underwriting profits and investment income.
February 23, 2024
Corebridge Still Bullish on Fixed Annuity SalesCEO Kevin Hogan reported that surrenders have been within expectations.
February 23, 2024
Global Atlantic Closes on $10B Manulife Reinsurance DealThe arrangement could help thaw the long-term care insurance market through managing risk.
February 23, 2024
LPL Facing SEC Fine as High as $50M Over Texts, App UseTwo weeks ago, 16 other firms agreed to pay more than $81 million for similar issues.
February 23, 2024
California Legislature OKs Annuity Sales Rule UpdateApproval gives Gov. Gavin Newsom a chance to weigh in on financial services regulation.
February 23, 2024
Wells Fargo Adds Role to Boost Growth in FiNet, First ClearingErik Karanik, who joined the bank in 1990, now leads Independent Solutions for its Wealth & Investment Management unit.
February 23, 2024
Ex-Broker Hit With Reg BI Fine, SuspensionA former Network 1 Securities rep recommended excessive trades in a 63-year-old client's account, FINRA says.