Wisconsin Could OK Annuity Suitability Update Soon
By Allison BellNew Mexico and South Dakota recently joined the best interest standard adoption list.
March 16, 2022
Fed Lifts Rates a Quarter Point in Opening Bid to Curb InflationThe hike is likely the first of several to come this year, as the Federal Reserve "anticipates that ongoing increases in the target range will be appropriate."
March 16, 2022
Get Ready for New DOL Rollover Rules on July 1Starting on this date, specific reasons for each rollover recommendation must be put in writing.
March 16, 2022
DOL Withdrawal of Independent Contractor Rule Violated Law, Judge RulesFSI says the rule gives advisors and firms certainty that they are indeed independent.
March 16, 2022
Ex-LPL, Wells Rep Stole $500K, Gambled With Client Money, Prosecutor SaysIf convicted of stealing over $500,000 from clients, the barred broker faces a maximum of 65 years in prison.
March 16, 2022
FINRA Plans New Rule to Accelerate Arb Cases for Those Who Are Ill, Over 75A new rule to the Codes of Arbitration Procedure would allow any party to request accelerated processing of an arbitration proceeding under certain criteria.
March 15, 2022
Vanguard Hit With Class-Action Suit Over Target Date Fund Tax BillsVanguard intentionally created a selloff resembling an "elephant stampede" when it slashed minimums for institutional TDFs, according to the suit.
March 15, 2022
IRS Rules on an Estate That Inherited an IRAThe agency let the surviving spouse roll the IRA assets into another IRA without paying extra federal income taxes.