FINRA Plans Restrictions on BDs With History of Hiring Bad Brokers
By Melanie WaddellThe proposed rule, out for comment until July 1, includes requiring a BD to have a fund to cover unpaid arbitration awards.
May 02, 2019
FINRA Fines AXA Advisors Over 401(k) MisrepresentationsAXA misrepresented that certain bond funds in the plans were "investment-grade" when they were largely high-yield or junk bonds.
May 02, 2019
Uncertainty on Advisor Conduct Rules Raises Costs, Hurts Investors: SEC ChiefJay Clayton tells a fund industry group why the SEC's rulemaking on advice standards is so important to him.
May 02, 2019
Genworth Says It Needs $6 Billion in Additional LTCI Rate HikesThe company says it received approvals for $500 million in LTCI increases in the first quarter.
May 02, 2019
How Can We Reduce Early Retirement Account Withdrawals?The GAO studied the issue and proposed some ways to help preserve long-term savings.
May 02, 2019
Envestnet Names Top Asset Managers of 2019The portfolio specialists and strategists outperformed benchmarks and rivals despite volatility of the past year or so.
May 02, 2019
Changing U.S. Health Finance Involves, Um, Words: CBOBudget analysts have tried to use an eagerly awaited new report to promote health policy literacy.
May 02, 2019
3 Generations, 3 Views on Retirement: Wells FargoHow are baby boomers approaching retirement differently than past generations? A new report examines this and other generational questions.