CFP Board General Counsel Leo Rydzewski also feels the DOL fiduciary rule can withstand a court challenge.
The DOL has provided insurance agents with an opportunity to advance the practice of retirement income distribution planning.
Christopher Turean used his client's money to gamble on sports and pay off a home equity loan.
One securities attorney said to expect more client complaints based on Reg BI standards.
He faced as long as 110 years behind bars after being convicted last year of seven offenses.
The Medicare and Medicaid programs were the worst offenders, the fiscal watchdog said.
The rule is needed to protect retirement savers from conflicted advice, Democratic lawmakers said.
Recent AI advancements help criminals more realistically impersonate customers.
The bank accused Zakriah Gardezy of stealing confidential client information when he moved to Wealthstone.
The firm and its advisor subsidiary kept clients in short-term products for too long, Finra said.
A Finra panel found these ex-advisors' deferred compensation was protected by ERISA.
The decades-old system for how US agents are compensated has long been controversial.
Hightower says Lars Knudsen was violating his post-sale agreements and creating a hostile work environment.
Three brokers who worked for the company in Abington, Pa., shared the Finra award.
The agency is getting more strict about what it considers an investment recommendation, attorney Fred Reish says.
Telos Investment alleges Hightower breached its contract and poached its clients to inflate its potential sale price.
The New York-based firm has repeatedly said that it doesn't boycott the energy industry.
The embattled firm promised interest payments on crypto assets it borrowed before the crypto collapse of 2022.
The lawsuit is part of an ongoing GOP campaign against ESG initiatives.
Even AI engineers have a problem conveying how the technology works, the regulator said.