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FINRA Bars Brokers in Multimillion-Dollar Ponzi Schemes
The latest Ponzi schemes keep with the theme of brokers allegedly bilking from the elderly, including those close to them.
IMHO: Looking Class
Next week PLANSPONSOR and PLANADVISER will open nominations for our Retirement Plan Adviser of the Year awards.
CAPTRUST Names Curran to Lead Nonqualified Business
CAPTRUST said Mike Curran will lead the firm’s efforts to broaden nonqualified deferred compensation services.
Motorola Ruling Clarifies Conflicted Administrator Law
With a recent decision ruling in favor of a Motorola employee, federal court judges continue refining their approach to handling benefits award cases involving a conflict of interest...
EBSA Starts List of Approved Software for Form 5500 Filing
The Department of Labor's Employee Benefits Security Administration (EBSA) has begun its list of approved software for use in electronic filing of Form 5500.
SEC Ready to Ward off Next Madoff with New Hire
The U.S. Securities and Exchange Commission (SEC) is set to hire University of Texas professor Henry Hu to oversee risk analysis and seek out market areas where abuses...
Martellaro to Depart Janus
Janus Capital Group Inc. has announced that Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, will step down from his position effective...
Tenn. Firm Appoints VP Retirement Services
A Nashville, Tennessee, service provider has tapped Courtenay Shipley as vice president, Retirement Services.
Judge Consolidates Reserve Primary Fund Lawsuits
A federal judge on Wednesday combined 12 lawsuits over the failed Reserve Primary Fund, Reuters reported.
Saving for Future Remains Top Concern for Workers
When asked what most concerns them in the long-term future, two in five (41%) surveyed workers expressed concern over saving for retirement, their child's education, or other large,...
FINRA, SEC Rules for Social Networking
Many financial advisers and brokers might be confused about what regulators have to say about using social networking.
Schwab White Paper Outlines Case for Joining RIA
As Charles Schwab reports seeing an uptick in advisers going independent, the firm released a white paper to help advisers considering the transition.
For Many, Rainy Day Funds Would Run Dry Quickly
If they lost their job, more than a third (34%) of those participating in a recent poll said their rainy day fund would last a week or less.
Americans Way Off on Estimating Retirement Health Costs
Americans with a written financial plan from an adviser are more likely to include health-care costs as part of their retirement planning, according to a new survey.
Fidelity Introduces Fixed-Income Guidance Program
Fidelity has launched a guidance program "to help investors better understand and consider fixed-income investments as part of their investment goals."
S&P Adds Bond Research Tool to MarketScope Advisor
Standard & Poor’s Equity Research Services has added a new bond research portal to its MarketScope Advisor (MSA) platform.
The Hartford Offers Data-Sharing Capabilities for 403(b)s
The Hartford Financial Services Group, Inc., has introduced online information-sharing reports and automated data-sharing capabilities for third-party administrators (TPAs) to help 403(b) sponsors meet new requirements.
Tactical ETF Strategies Made Available to Retirement Plans
Tactical ETF Strategies, a division of Gerard Asset Management, LTD., will be available for employer-sponsored retirement plans effective October 1.
AXA to Join IRS 403(b) Prototype Program
AXA Equitable Life Insurance Company announced its intent to participate in the Internal Revenue Service's (IRS) 403(b) prototype program.
How Do You Spend Your Time?
The average American spends 8.6 hours sleeping and 7.6 hours working.