Regulatory & Compliance (359)
Fiduciary Standard Debate: A Marketing Opportunity?
- Saturday, 14 March 2015
- Regulatory & Compliance
- Written by PFA Staff
The debate of over requiring all advisors to comply with a fiduciary standard just won’t die. And as it lingers onward, it is creating both marketing opportunities and challenges for advisors.
Read more...Supreme Court Hearing 401(k) Excessive Fees Litigation
- Friday, 06 March 2015
- Regulatory & Compliance
- Written by PFA News
The Supreme Court is hearing the case of Tibble v. Edison International which alleges that Edison International failed to properly monitor fees for its 401(k) plan. So reports Institutional Investor.
Read more...Lockheed Martin to Pay $62M Over 401(k) Litigation
- Saturday, 28 February 2015
- Regulatory & Compliance
- Written by PFA News
Defense contractor Lockheed Martin will pay $62 million to settle litigation that claimed the company concealed excessively high fees in its retirement plan to the detriment of employees. So reports Reuters.
Read more...President Obama Proposes Retirement Broker Rules
- Saturday, 28 February 2015
- Regulatory & Compliance
- Written by PFA News
Hidden fees, excessively costly funds, and brokers’ conflicts of interest are draining $17 billion a year from retirement investors wealth and should be abolished through the adoption of new regulations, says President Obama. So reports Reuters.
Read more...Advisor Sentenced to 3.5 Years in Jail
- Friday, 20 February 2015
- Regulatory & Compliance
- Written by PFA News
Joel William Carlson of Vadnais Heights in Minnesota says he scammed clients’ assets to maintain his lifestyle but planned to return the money to the rightful owners once his business became profitable. So reports the Vadnais Heights Press.
Read more...SEC OKs Money Manager for Meryl Streep
- Sunday, 15 February 2015
- Regulatory & Compliance
- Written by PFA News
The descendents of William Simon, who was Treasury Secretary for Richard Nixon and Gerald Ford, have received a green light from the Securities and Exchange Commission so that their family office can continue managing assets for actress Meryl Streep. So reports Bloomberg.
Read more...SEC Commissioners Criticize Waiver for Oppenheimer & Co.
- Saturday, 07 February 2015
- Regulatory & Compliance
- Written by PFA News
Securities and Exchange Commissioners Kara Stein and Luis Aguilar, who are both Democrats, have lashed out at the regulator for granting brokerage firm Oppenheimer & Co. a waiver that lets the firm continue to conduct certain private capital-raising deals. So reports Reuters.
Read more...Boehner to Obama: Drop Plans to Kill 529 Plans
- Sunday, 01 February 2015
- Regulatory & Compliance
- Written by PFA News
House Speaker John Boehner is urging President Obama to cancel his efforts to eliminate tax-free savings accounts for college expenses. So reports The Hill.
Read more...Congress Ramps Up Efforts to Gut Financial Regs
- Saturday, 31 January 2015
- Regulatory & Compliance
- Written by PFA News
Both chambers of Congress are gearing up to rollback efforts to increase financial industry regulations, including the fiduciary standard. So reports benefitspro.
Read more...Time to Ban Finra From the Industry?
- Sunday, 18 January 2015
- Regulatory & Compliance
- Written by PFA News
The Financial Industry Regulatory Authority is not a true self regulatory organization, maintains Hester Peirce, a senior research fellow at George Mason University’s Mercatus Center. So reports ThinkAdvisor.
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