Regulation

The new database is a good first step in helping to address gaps in the oversight of advisors, but more needs to be done, say industry observers.

The regulator was looking into customer complaints and arbitration claims that rep engaged in unsuitable trading.

Clients using FundKeeper can open new accounts, perform automated suitability checks and support level load funds under a single platform.

“People need to know what the rules are,” an industry consultant says.

The award marks the largest of its kind this year.

The senior's investments were overly concentrated with as much as 95% of her portfolio invested at times in oil and gas master limited partnerships.

FINRA rejected the advisor's claims as the firm resolved two longstanding compliance issues.

Nov. 6: Platforms like FundKeeper are aimed at helping retirement account advisors comply with the DoL’s fiduciary rule.

The department's proposal furthers efforts to undo the controversial regulation.

With the compliance deadline nearing, regulators have yet to make key decisions on dark pools, rules clashes with foreign markets and data collection.