The Department of Labor announced Monday that it would reproprose its rule on the application of the fiduciary standard to retirement accounts. The announcement came after House Financial Services Committee ranking member Barney Frank sent a...
Not only are more advisors using social media for business purposes, but more are making it a priority. According to a Socialware survey of nearly 150 FAs on their use of social networking sites, 40 percent of advisors said they’re making...
Despite the market ups and downs we’ve been experiencing recently, investment managers say this is not the time to get out of the stock market. In fact, the key to stock picking in this environment is to not think of volatility as a bad word...
SEC Chairman Mary Schapiro said Thursday that legislation introduced by Republicans to restructure the agency and its rulemaking process would threaten the agency’s ability to write and enforce rules effectively. She also said that the SEC...
Vancouver—“Man, I got so much going on—all good stuff—but sometimes I’m not certain which way to turn,” Larry mused. Then, with a bit more honesty, he added, “Maybe I’m like most financial advisors and am easily distracted. I guess I need help...
For years, stockbrokers have routinely stepped over the regulatory boundary that divides traditional brokerage activities from investment advisory activities. By taking advantage of regulatory loopholes, brokers have been able to offer investment...
It’s impossible to know what the sum of the day’s testimonies, questions and comments will lead to, especially considering that whatever bill emerges would need to also pass a Democrat-controlled Senate. Whatever the outcome, it’...
