Tumult on the variable annuity scene is dampening sales at broker-dealers, raising some concerns about the impact on revenue for the firms and their representatives.
Brookstone socked by Finra for sale of CMOs to the elderly; brokerage to appeal nonfinal decision.
Fiduciary Now! How to Protect Main Street from Wall Street’s Casino Culture.
Pity the older people. They just can’t catch a break. Preyed upon by relatives, caregivers and con men, they are also, experts say, ill-equipped to choose someone to advise them on their finances.
Even so, 72% of industry assets remain in commission-based accounts.
A Finra proposal to require brokers to tell customers about bonuses and other compensation incentives they receive to join another firm drew sharp reactions after it was announced last week.
Other priorities next year will include hiring more examiners to police advisors, JOBS Act
rulemaking on Reg D, crowdfunding.
Finding the right financial planner can be a confusing process. To simplify the search, the SEC has released a new bulletin that contains tips for finding one.
Agency files record number of cases in fiscal 2012; more of the same coming.
An investor website is promising to give clients their first clear look under the hood of their brokerage accounts to see whether they are getting a good deal for the prices that they pay.