Added on April 2016 in Form an RIA
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Summary: If you’re a Registered Rep, then you likely know FINRA has the BrokerCheck utility on their website. The BrokerCheck allows consumers to learn more about a registered rep and make sure they are in good standing. It’s like the BBB for broker backgrounds. Well, it’s coming to your website now too.
Added on April 2016 in Form an RIA
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Summary: Last week, the Department of Labor issued the final version of a sweeping regulation for the industry that requires anyone providing investment advice for retirement accounts to serve as a fiduciary and act solely in the best interests of clients.
Added on April 2016 in Form an RIA
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Summary: Answering critics who claim the Labor Department caved to industry interests in issuing its final fiduciary rule, a top official countered that the new regulations will result in “major reform," while not ruling out additional government action.
Added on April 2016 in Form an RIA
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Summary: The financial industry is in a tizzy as the Department of Labor released the long-anticipated final version of the new rules addressing conflicts of interest in retirement advice earlier today. Weighing in at over 1,000 pages, the collected documents that make up the new rules are imposing, to say the least. Here’s an overview of the broad strokes.
Added on April 2016 in Form an RIA
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Summary: Sen. Elizabeth Warren, D-Mass., says that Lincoln National, Jackson National Life Insurance Company, Transamerica and Prudential Financial may have broken securities laws in their comments about the coming fiduciary rule from the Department of Labor, ThinkProgress writes.
