Broker/Dealer Archives | Page 3 of 30

Compliance

December 5th, 2018

Complying With ‘FAIR Act,’ SEC Eases Fund Research Distribution Restrictions

The SEC says these changes are needed to reduce obstacles to providing research on investment funds, and to harmonize the treatment of such research with research on other...

Compliance

December 4th, 2018

First Deadline Looming for SEC Electronic Disclosure Compliance

When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period...

Products

December 3rd, 2018

LPL Cuts Small Market Platform Fee Amid Competition for Talent

By cutting the fee for its small-plan investment outsourcing solution to 10 basis points, the firm says it will better position its advisers to grow their practices by...

Compliance

October 12th, 2018

SEC Outlines Strategy Through 2022, Pledging Support for ‘Main Street’

According to the SEC’s strategic outline, when Main Street investors seek professional advice, their choices “all too often are not as clear as they should be.”

Compliance

October 4th, 2018

Stradley Ronon Reviews SEC Regulation Best Interest

Regulation Best Interest lays out the core loyalty and disclosure duties of advisers and broker/dealers—and how these can be satisfied.

Compliance

September 12th, 2018

Investor Advocacy Groups Question SEC Customer Relationship Summary Form

Noting that they believe a more viable customer relationship summary (CRS) form can still be developed by the SEC as part of its Regulation Best Interest proposal, a...

Products

August 31st, 2018

Merrill Lynch Rethinks Prohibition on Commissioned Retirement Account Products

In response to staff and client feedback, and in the wake of the defeat of the DOL fiduciary rule, the firm is taking steps to reintroduce use of...

Products

August 16th, 2018

Ladenburg Launches Succession Planning Platform

According to the firm, the new suite of service offerings and tools will assist advisers across Ladenburg’s independent advisory and brokerage subsidiaries in achieving their strategic business goals...

Deals & People

August 14th, 2018

Bill Beardsley Exits LPL Retirement Partners Business

At the end of the day there just aren’t all that many people working on retirement plans, so it is only natural that firms will compete for and...

Compliance

August 3rd, 2018

ACLI, IAA Comment on SEC Standards of Conduct Proposals

They say that additional interpretation of standards of conduct for investment advisers is unnecessary and that imposing broker/dealer standards on life insurers and investment advisers is inappropriate.

Trendspotting

LPL’s Long-Range View

Bill Beardsley, head of Retirement Partners at LPL, gives his take on the firm’s decision to close the Worksite Financial Solutions program, and on his plans for lasting...

Compliance

July 31st, 2018

New Enforcement Structure at FINRA; Calls for ‘Fintech’ Commentary

FINRA asks advisers to share their insights about “fintech innovation in the broker/dealer industry,” while also unveiling a new structure for its enforcement staff.

Compliance

July 24th, 2018

SEC’s Inspections and Examinations Office Demands Best Execution

Commentary from Wagner Law Group and Drinker Biddle attorneys highlights what advisers need to know about the SEC’s ongoing analysis of broker/dealer “best execution” issues, as summarized in...

Products

July 13th, 2018

Fi360 Sees More Interest from Wealth Advisers

Previewing two new Fiduciary Focus Toolkit reports that help plan advisers optimize their workflow, Fi360’s product strategy leader pointed to increased interest in fiduciary support among traditionally wealth-focused...

Products

July 12th, 2018

Ladenburg Reveals Retirement Plan Consulting Platform

The underlying technology will be provided by Retirement Plan Advisory Group and delivered to advisers with the support of a centralized team of retirement specialist consultants.

In Practice

June 28th, 2018

LPL Recalibrates Retirement Business for the Long-Term

Bill Beardsley, head of Retirement Partners at LPL, gives his take on the firm’s decision to close the Worksite Financial Solutions program, and on his plans for lasting...

Practice Management

June 27th, 2018

DISRUPTION: Talking Adviser Recruiting with LPL Leadership

As retirement specialist advisers shift away from commissioned service and towards relationship-based wealth management and plan design consulting, providers of brokerage and investment management services are making their...

Compliance

June 25th, 2018

Betterment Settles FINRA Allegations Tied to Bookkeeping Practices

Without admitting guilt or even the facts of the case, Betterment has settled various allegations of improper recordkeeping and "window dressing" leveled by FINRA, to the tune of...

Compliance

June 21st, 2018

Mandate Issued by 5th Circuit to Officially Vacate DOL Fiduciary Rule

While the deadline had already technically passed for the DOL to appeal the circuit court ruling vacating its fiduciary rule reforms, this highly anticipated move by the court...

Compliance

May 22nd, 2018

FINRA Seeking Comments on Churning Rules as SEC Considers Action

A new client alert published by the Wagner Law Group urges advisory firms to review and consider an update to anti-churning policies, now that FINRA and the SEC...

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