The Investment Adviser Association argues the rule was “adopted largely as proposed” and is “too prescriptive.”

A quick checklist that may help when dealing with mentally ill clients or beneficiaries.

What can make or break a successful transition?

And why it's so hard to create one.

Ken Leech is taking a leave of absence as co-chief investment officer after receiving a so-called Wells notice from the SEC, a warning that regulators may recommend enforcement.

The lawsuits filed in Minnesota and California federal courts come as a New York-based law firm announced a new task force looking into the controversial practice, assisted by former SEC Commissioner Robert Jackson, Jr.