Cost to play bigger role in investment recommendations

Large firms are well-situated to comply with the cost standards in the SEC's Reg BI given changes they made to prepare for the DOL fiduciary rule.


SEC draws ire with indexed annuity misstep

The regulator issued an investor bulletin about indexed annuities that instead described a different product — a buffer annuity.


IFS Securities hit with $10 million trading loss: reports

IFS Securities facing 'substantial losses' from head bond trader's bet on Treasuries.


Fee-based annuities still require caution, despite IRS olive branch

The agency may have fixed a big tax problem for RIAs, but issues remain with many fee-based products.


This new tax rule could be a ‘recession bomb’

Rules around net operating losses would take away a helpful cash infusion for businesses in years when they lose money.


Why we sold to Goldman Sachs

United Capital CEO outlines the three factors that drove the transaction.


Advisers may not be equipped to help clients navigate private markets

As SEC moves toward easing rules on unregistered securities, advisers could become gatekeepers.


Dually registered advisers found to have conflicts and higher fees

Academic paper says many 'fall short of the spirit of the fiduciary standard.'


Ex-Woodbridge Group CEO Robert Shapiro pleads guilty in $1.3 billion Ponzi scheme

Faces 25 years in prison for running fraud that affected more than 7,000 investors.


Fidelity dogged again by 401(k) quid-pro-quo allegations

Claims that have resurfaced about a mutually beneficial financial relationship between MIT and Fidelity are similar to one in a prior case.


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