The final rule includes language that clarifies plan fiduciaries can base decisions on factors they deem relevant, including “the economic effects of climate change and other ESG considerations.”
As C. Dabney O’Riordan departs the SEC's Asset Management Unit for Quinn Emanuel, she spoke with WealthManagement.com on what the industry can expect from regulators in the coming year around enforcement of new rules...
Pro-bono law clinics for small clients and low-value claims help keep the brokerage industry honest. But funding has run out, and they are getting harder to find.
James Millegan faces as much as five years in prison after a jury found him guilty of evading $2.5 million in income taxes, according to the Department of Justice.
The record amount of civil penalties was driven in part by the fines against some large Wall Street firms for failing to preserve text message communications on personal devices.
In a discussion with WealthManagement.com, Hugh Berkson said the organization will continue to raise awareness of the issue of unpaid arbitration awards and the alleged misuse of forced arbitration clauses by RIAs.
The acquisition of Financial Resources Group Investment Services marks the first time LPL has bought one of its own branch offices. The firm will keep its brand and leadership team.
