Chase Investment Services Corp will have to reimburse brokerage customers $1.9 million over the sale of unit investment trusts and floating rate loan funds not deemed suitable for them.
The saga of Jill Wile, a former manager in the southeast regional office of Finra.
Even universal-rule advocates want coordinated Labor Department, SEC approach.
So the results are in: Advisors should be held to a fiduciary standard because investors assume their brokers are acting in their best interests anyway.
It looks increasingly likely that SEC Chairwoman Schapiro will leave her post by year-end, even if Obama is re-elected.
t is time to embrace a uniform fiduciary standard, Dick Averitt, the chairman of Raymond James Financial Services told a packed general session at its national conference for professional development.
A major overhaul of suitability mandates that take effect today has some in the brokerdealer world worried about much broader obligations to oversee customer accounts and investment strategies.
What is an advisor’s true fiduciary duty?
Fiduciary Now! How to Protect Main Street from Wall Street’s Casino Culture.
Other priorities next year will include hiring more examiners to police advisors, JOBS Act
rulemaking on Reg D, crowdfunding.