The SEC approved Friday a Finra rule designed to rein in brokerages with a history of misconduct or that employ a high number of registered representatives with disciplinary records. The rule imposes additional capital obligations on high-risk firms by requiring ...

Some might assume a devout socialist would find little joy in the uber-capitalistic world of financial planning, where the focus is often around participating in the financial markets to amass wealth and secure independence. But that’s not how Zach Teutsch ...

New legislation would allow anyone who demonstrates a high level of financial acumen to invest in private offerings. But some groups that sponsor investing credentials are concerned the measure’s mechanism for becoming a sophisticated investor is flawed. Earlier this week, ...

Deutsche Bank has lost a string of U.S.-based wealth management executives over the past year as Chief Executive Christian Sewing struggles to expand in the lucrative business of managing rich people’s money while keeping a lid on expenses. At least ...

A group of House Democrats on Thursday sought assurance from the Department of Labor that it will reverse Trump-era rules that have discouraged the use of ESG factors in retirement plans. In a letter to Labor Secretary Marty Walsh, Reps. ...

What do LPL Financial, Dynasty Financial Partners and Mercer Advisors Inc. have in common?  A new chief technology officer.  All three firms hired or appointed chief technology officers this month in moves to ramp up innovation and technology products for ...

InvestmentNews parent Bonhill Group has announced the short list of honorees for the third annual Women in Asset Management Awards in the U.S. More than 200 individuals were nominated for categories such as Advocate of the Year, Employer of the Year and ...

LPL Financial was busy in the second quarter reeling in an assortment of new assets, reaching a total of $1.1 trillion at the end of June, an increase of $358 billion or almost 47% compared to the same time a ...

The Securities and Exchange Commission and the New York Attorney General a couple of weeks ago gave a whooping to a broker-dealer subsidiary of Teachers Insurance and Annuity Association of America, better known as TIAA, and penalized the firm $97 ...

A bill has been introduced in the House of Representatives that would require the Securities and Exchange Commission to revamp the registration form for registered index-linked annuities, or RILAs. Under current SEC rules, these and other annuity products must be ...