Financial regulations

The Managed Funds Association urged the agency to do more analysis before moving forward.

Based on the “forced experiment” of its remote periodic examinations of broker-dealers, the onsite portion “may not be necessary,” Robert Cook said.

Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

The broker hasn't been registered in over a decade, and was using clients’ usernames and passwords to make trades in their self-directed brokerage accounts, according to the regulator.

One problem is the proposal is focusing on the minor advantage of tax-deferred retirement plans, says Bloomberg columnist Aaron Brown.

The department’s new proposal would restrict when fiduciaries can vote in retirement plans.

Previously, criteria focused on an investor’s wealth. Now, a broader group has access to investments that include private company offerings and certain private equity funds.

More than 95% of comment letters submitted were opposed to the Labor Department’s proposed rule, according to a new analysis.

It’s the latest dramatic twist in the story of USO, which was at the center of the storm as crude prices plunged earlier this year.

Industry groups warn of creeping fiduciary obligations, while consumer advocates see it as a setback for investor protections

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

If planners can navigate data security and compliance concerns, the app can connect them with a huge new audience.

The current proposal “would lead to worse outcomes for plan participants as plan sponsors shied away from assessing ESG risks in selecting investments,” the research firm says.

“The primary drawback of fewer hedge fund filings is lack of clarity around crowding risk,” strategists from the firm write.

Almost 90% of smaller fund managers would no longer have to report their investments and their firms would save $136 million a year, the agency estimates.

The rep defrauded clients with promises of a “lucrative investment” tied to the popstar that would also “help needy people,” according to regulators.

The price hikes would come as early as 2022, and follow a budget deficit in 2019.

As the industry pushed to comply with the fiduciary rule, new issues emerged.

The court has suggested that federal law bars awards from going further, blunting a legal tool that critics say the agency has abused.

Many financial advisors aren’t aware of serious conflicts of interest affecting the majority of retail clients, Northeastern University Professor Nicole Boyson says in a Financial Planning Podcast.