The Practice: Fees and compensation

Game Over For Reps in Ohio National Trail Lawsuits? Not Yet, Lawyers Say

October 11, 2019No Comments

Broker-dealer reps suing over Ohio National have suffered a setback, but it’s not the end of their battle, their lawyers say.

Captrust Acquires $1.5 Billion Advisory Business

October 11, 2019No Comments

The transaction adds 15 people and $1.5 billion in client assets to Captrust.

New Jersey Edging Closer to Finalizing its Fiduciary Rule for Advice Industry

October 11, 2019No Comments

The chief of the New Jersey Bureau of Securities is unfazed by the threat of preemption or criticism from the industry.

Financial Times Reveals Top Retirement Plan Advisors for 2019

October 10, 2019No Comments

Rising financial markets, organic growth and industry consolidation help buoy client assets.

Morgan Stanley Scores Legal Victory Over Self-Dealing Suit

October 10, 2019No Comments

A Manhattan federal court judge dismissed a suit alleging it had stuffed its plan’s options with underperforming and overpriced proprietary funds.

Securities America Nabs Arkansas FAs From This Rival

October 10, 2019No Comments

The team managed nearly $160 million in client assets.

SEC Considers Easing Accredited Investor Rules But State Regulators and Consumer Advocates Warn of Dire Consequences

October 10, 2019No Comments

For brokers and advisors, it would mean having a bigger pool of investment products and strategies to offer retail investors.

Finra Suspends and Fines Ex-LPL Broker for Undisclosed Nutritional Supplement Business

October 10, 2019No Comments

He allegedly violated Finra rules when he didn’t give LPL prior written notice of his outside business activity.

Merrill Lynch Broker Barred for Actions Related to Personal Bank Accounts

October 10, 2019No Comments

The rep refused to appear for testimony at a Finra hearing.

Fidelity Scraps Commissions for Online Trades

October 10, 2019No Comments

The move comes a week after key rivals sparked race to the bottom.