Advisers Compliant with Reg BI are Compliant with Fiduciary Rule, EBSA Says
Ali Khawar added that insurance agents should be knowledgeable of the assets a client is giving up to buy an...
Tag: Reg BI
Regulation Best Interest and Individual Retirement Accounts
Reg BI requires advisers to consider leaving the client’s assets in their original retirement account.
TIAA Subsidiary Settles With SEC for $2.2M on IRA Recommendation Charge
TIAA-CREF Individual and Institutional Services settled charges of failing to comply with Regulation Best Interest.
Smaller Accounts, Insurance Product Impact Debated at Hearing on Fiduciary Proposal
Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security...
Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says
PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.
Debating the Fiduciary Proposal: Pros and Cons
Two industry players debate issues surrounding rollovers, annuity sales, and access for smaller accounts.
Adviser, Planner Communities Give Qualified Support for Fiduciary Proposal
The highly controversial proposal from the DOL has received support from major industry actors, including the CFP Board and FPA,...
NASAA Proposal of Best Adviser Practices Receives Pushback
Critics say the proposal recommended to states goes beyond the SEC’s Reg BI and endangers annuity products and educational materials.
Wealth Manager Fined More Than $800,000 for Reg BI Violations
Of their advisers, 2 were also fined and 1 suspended for 6 months for account churning and excessive trading.
EBSA Denies Comment Period Extension for Fiduciary Proposal
The regulator pushed back on industry requests to extend comment time for the controversial proposal; the period will still end...
DOL Publishes New Adviser Fiduciary Rule for Public Comment
The proposal would make one-time advice for rollovers subject to ERISA.
DOL Proposal Reactions Range From ‘Important Step’ to ‘Out of Touch’
Industry groups in the financial sector pushed back against the proposed amendments to fiduciary standards, while some championed it as...
SEC Exam Priorities Require Advisers to Account for Client-Specific Needs in Recommendations
The regulator also listed expensive, complicated and illiquid investment recommendations as coming under increased scrutiny in 2024.
Scope of AI Conflicts Proposal Finds New Opponents on the Hill
Members of both parties have criticized the SEC’s definition of ‘covered technology’ when it comes to using AI in financial...
FINRA Expels Brokerage Firm Monmouth for Violating Reg BI
Monmouth is the second firm to be expelled by FINRA for failing to supervise its representatives’ trading.
Common Pitfalls in Reg BE, BI, According to FINRA, SEC
Riskier and complicated assets require more due diligence, and regulatory officials laid out some practices for advisers to avoid.
SEC Head Gensler Says Reg BI Not ‘Check the Box’ Exercise
The SEC chairman made remarks about Reg BI, Reg BE and about AI’s role in the markets at FINRA’s annual...
FINRA Expels Brokerage SW Financial for Misrepresenting Fees
The brokerage and investment bank was expelled for misrepresenting its fee structure, churning accounts and failing to properly supervise and...
SEC Updates Guidance on Adviser Investment Obligations
The latest guidance adds teeth to initial Regulation Best Interest, passed in 2019.
Beyond 401(k) / 403(b) Plans
Reg BI’s Impact on 403(b)s
How the regulation applies can be nothing short of complicated