SEC Fiduciary Duty

Putting your interests above your clients should be as passe as bell-bottom jeans. Should the SEC discover the practice, expect the kind of trouble an ...

The firm's 'CCO did not have access to sufficient information about the clients of the Converted Accounts with which to evaluate the suitability of their ...

The firm's use of the letter was also improper because it required its clients, all of whom are retail clients, to agree to a waiver ...

Merrill personnel became aware that Harvest was not systematically adjusting the number of options contracts that Harvest purchased in numerous accounts with pre-2017 IMAs, but ...

The investments were unreasonable and unsuitable for the clients

The new DOL rule makes clear that 'a recommendation to move from a commission-based account to an advisory fee-based account (or vice versa) would be ...

Heaped on top of the Labor Department’s new fiduciary duty rule, comes several revisions to existing ERISA PTEs, including the vital rollover exemption used by ...

This is a fundamental violation of an investment advisers’ fiduciary duty to act in the best interest of its clients, according to the judge

The Reg BI violations affected about 5,900 retail accounts, causing the clients to pay $936,000 more in expenses for substantially equivalent funds than they otherwise ...

"I would note that under those current rules and interpretation, brokers and advisers cannot address these conflicts of interest through disclosure alone"