Greg Smith’s very public resignation from Goldman Sachs has sparked heated
discussions in the financial services industry.
FINRA is looking closely at disclosure, suitability and yield-chasing practices associated
So-called father of indexing still not a fan of exchange-traded funds; ‘making a muddy pool muddier’.
Tumult on the variable annuity scene is dampening sales at broker-dealers, raising some concerns about the impact on revenue for the firms and their representatives.
Brookstone socked by Finra for sale of CMOs to the elderly; brokerage to appeal nonfinal decision.
Fiduciary Now! How to Protect Main Street from Wall Street’s Casino Culture.
Pity the older people. They just can’t catch a break. Preyed upon by relatives, caregivers and con men, they are also, experts say, ill-equipped to choose someone to advise them on their finances.
Even so, 72% of industry assets remain in commission-based accounts.
A Finra proposal to require brokers to tell customers about bonuses and other compensation incentives they receive to join another firm drew sharp reactions after it was announced last week.
Other priorities next year will include hiring more examiners to police advisors, JOBS Act
rulemaking on Reg D, crowdfunding.