Regulation

The broker was reprimanded for lying on a customer's behalf.

Michael Donnelly was sentenced for defrauding elderly clients of about $2 million, which he used to make car payments, pay his children's private school tuition and other expenses.

BlackRock made its $152 million deal for the Silicon Valley-based startup FutureAdvisor last August. Since then, its robo advice client roster has expanded.

A number of advisors are striving for the status quo instead of creating a better business and stronger relationships. In effect, they're giving up.

Parthemer worked with pro athletes and frequented South Beach clubs with rap stars.

Richard Ketchum, former critic of the rule, calls the final version "much better" than the earlier proposal. But he still wants to see the SEC develop a uniform standard.

Advisors should be “prepared to defend their recommendations,” the low-cost planning pioneer says, and predicts the demise of high-fee products.

Voices: The DoL is restricting investor choice and casts an unnecessarily critical light on existing B-D relationships that only follow a suitability requirement.

Chairwoman Mary Jo White tells lawmakers that a uniform standard for advisors and broker-dealers remains a priority, but that says it's a long slog.

Voices: If clients are already comfortable with DIY-investing, they could have already done so themselves with a robo advisor or low-cost brokerage.