DOL rule still has feet tangled in the struggle to define difference between 'suitability' and 'fiduciary'
Fiduciares keep flunking a definition of useful accountability and the giant brokerage lobby keeps exploiting its 'F'
|June 27, 2016 — 6:26 PM UTC|
Why luring 401(k) assets to IRA rollovers in a post-DOL-rule world remains child's play, which keeps $7.6 trillion in the IRA game and growing
Clients still hate 401(k) inflexibility around withdrawals and the DOL granted advisors the upper hand in getting clients to sign away protections with regard to pricier products
|April 20, 2016 — 8:25 PM UTC|
How Wall Street emasculated the DOL rule with an old-fashioned end game: 'Somebody made a deal' -- and why tort lawyers are licking their chops
End-game style politics exposed fiduciaries' lack of playoff experience, but RIAs can console themselves because DOL exposed shady dealings on 'the dark side'
|April 7, 2016 — 3:10 PM UTC|
Ron Rhoades: Staying on at NAPFA would have given ammunition to RIA industry foes
Shocked industry advocates are conflicted as to whether Rhoades should have stayed the course; in another industry shakeup, FPA's Marvin W. Tuttle announces he will step down
|August 21, 2012 — 8:52 AM UTC|
Fiduciary leaders splinter into two advocacy groups over divergent views
Knut Rostad takes six people with him to start the Institute for the Fiduciary Standard
|August 25, 2011 — 5:24 AM UTC|
Influential fiduciaries endorse bootstrapping advisory-industry SRO
Maria Elena Lagomasino and Harold Evensky among those giving nod to Mississippi law students
|April 18, 2011 — 1:39 PM UTC|
Tom Bradley makes the case for regulatory efficiency -- and maybe, FINRA, especially for the dually registered
TD Ameritrade's chief says it's too soon to reject any idea out-of-hand.
|February 11, 2011 — 1:40 PM UTC|
(Updated) Groundbreaking SEC study would smash old regulatory system, creating fiduciary brokers and more regulated advisors
Controversy and conflict emerge as SIFMA, Schwab and others begin to react
|January 24, 2011 — 3:16 PM UTC|
Schwab takes high-profile stand opposing self-regulatory organization for advisors
Largest custodian opposes FINRA on heavily lobbied issue
|January 14, 2011 — 3:09 PM UTC|
Custodians defend their records in having RIA backs in battles for the fiduciary standard and against FINRA takeover
TD Ameritrade has publicly made some regulatory efforts for advisors and other say they mostly do it behind the scenes
|November 23, 2010 — 5:39 AM UTC|
What we all feared: 'Better' disclosure yields worse results, according to Yale professor's study
At an exclusive think-tank style conference on the Potomac, industry leaders heard the psychology behind investors' rosy view of the world.
|September 27, 2010 — 5:18 AM UTC|
How a surprising array of advisor groups aims to catch the SEC's ear
A conference of experts from academia, industry will examine how the fiduciary standard could work in a brokerage business
|September 13, 2010 — 4:42 AM UTC|
Goldman Sachs settles to make its scandal die, and Congress passes financial services reform. What does it mean for RIAs? Not much, yet.
In an attempt to sway new regulations on the fiduciary standard, an advocacy group releases a video of Goldman Sachs execs' worst moments before a Senate committee
|July 16, 2010 — 3:27 AM UTC|
What went right: the story of the fiduciary standard this year
A long-odds fight by advocates and a well-timed Goldman Sachs stumble and -- voilà -- brokers may have to begin putting customers' interests first
|June 28, 2010 — 7:29 AM UTC|
Improbable win for fiduciary standard: Congress set to hand SEC power to impose fiduciary duty on broker-dealers
Conference committee agrees on a measure that calls for six-month study and then gives SEC authority to write single set of rules for advisors and brokers
|June 25, 2010 — 3:36 AM UTC|