The agency is likely to issue a rule proposal soon because several factors have aligned, industry lawyers say. The Department of Labor will take another stab at redefining when financial professionals ...
The $310.6 billion reported for total annuity sales for 2022 is 17% higher than the record set in 2008, according to Limra. Investors grasping for guaranteed retirement income, combined with rising ...
A former Merrill Lynch father-son advisor duo is suing the firm in an attempt to ease their jump to Raymond James. The Bradshaws, who both work out of California, had each signed employment agreements ...
Edward Jones' total client assets dropped 10% during 2022 despite the firm pulling in more new money than it had during the year prior, according to a filing with the Securities and Exchange ...
Goldman Sachs has cut Chief Executive Officer David Solomon’s 2022 compensation by nearly 30% following plunging profits. Solomon is getting a base salary of $2 million — unchanged from 2021 — a cash ...
The regulator, in a risk alert released yesterday, said that its examination staff found numerous instances of failures in firms’ written policies and procedures in regard to the disclosure and care ...
Finra says that “extraordinary cooperation” from Securities America, Royal Alliance and SagePoint resulted in an order to pay restitution but no fines. The Financial Industry Regulatory Authority says ...
Attorneys general from 25 states have filed a suit against the Labor Department over its rule that will let plan fiduciaries weigh environmental, social and governance factors in choosing investments.
Wall Street giants JPMorgan, Wells Fargo and Goldman Sachs are among a large number of firms with some connection to collapsed crypto exchange FTX, according to news reports. The firms were identified ...
The advisor convinced clients to invest a total of more than $7 million in bogus investments framed as fixed annuities, Finra says. The Financial Industry Regulatory Authority has barred a former UBS ...
The regular wants to bar its staff from investing in financial industry sector funds, to prevent any possible conflicts of interest, according to the proposed rule. Current rules merely prohibit ...
Retail investors will picket outside Securities and Exchange Commission offices across the country on Friday and Saturday, meme-stock internet personalities say. “Occupy SEC 2023” will be an ...