Compliance

Stress-testing under a scenario that includes severe corporate defaults and sharp declines in U.S. equity could reduce security risks, according to the report.

The metal has tumbled in the past month, partly on anticipation of the decision as well as a surge in U.S. equities since the election of Donald Trump as president.

With a close watch on the policies from incoming President-elect Donald Trump, industry leaders and analysts share their predictions for industry trends in 2017.

The lawsuit alleges that Muirfield President Geoffrey Stern exposed Highland to "public hatred, ridicule and disgrace."

Despite expected industry constriction, a number of leaders see opportunities in employing technology, innovative products and even strategy toward regulation.

The industry trade group is also calling on regulators to harmonize existing rules.

The model for financial advice "is primed and ready for change," says Cetera CEO Robert Moore.

Further shifts in broker pay could be possible as the industry moves to comply with the fiduciary rule and the Department of Labor issues new guidance.

Arbitrators also rejected the former adviser's counterclaims for $51 million in damages.

An arbitration panel ordered the wirehouse to settle the latest dispute stemming from client investment losses tied to the island commonwealth's massive debt crisis.