Regulation

Firms should reach out to clients early to pre-empt potential downturn in their portfolios, FINRA said.

The use of social media within an advisory practice has been the subject of much debate within the industry, but one of the most common arguments for advisors limiting or altogether barring sites like Facebook and YouTube within the firm -- compliance -- might be dramatically overstated.

Fidelity, BlackRock, Pimco Fight Back on 'SIFI' Label

Deciding whether to impose a uniform fiduciary standard for brokers and investment advisors was a “high priority” for the SEC, but there is no timeframe for a rule, Commission Chair Mary Jo White said.

The three asset management firms are among those attempting to discount the credibility of a report released by the Office of Financial Research last month that argued such companies potentially pose a threat to the economy.

The Financial Stability Board lowered the proposed surcharge on globally systemically-important banks for Citigroup and Bank of New York Mellon, leaving JPMorgan Chase as the only U.S. institution to face the highest 2.5% capital buffer.

New registrants with the SEC or veteran advisors who haven't been examined in many years can expect to hear from regulators in short order, a prominent securities lawyer told attendees at Schwab Impact conference.

In a business update to CFP holders, the board presents research on its Let's Make a Plan campaign, clarifies its fee-only position -- and skips a discussion of recent controversy.

Despite a recent show of political opposition, the Labor Department seems poised to press ahead with a proposal to broaden the definition of fiduciary to cover advisors working in the retirement plan segment, a leading opponent of the measure warns.

BofA Should Pay $863 Million in Fannie Mae Case, U.S. Says