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Edelman Financial Engines Appoints DOL Fiduciary Rule Architect Phyllis Borzi to...

Edelman Financial Engines, a registered investment advisor with $200 billion in client assets, has appointed Phyllis Borzi to its board of directors. Borzi, who...

SEC Releases Investor Testing Report on Proposed Form CRS Relationship Summary

To help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC’s Office of the Investor Advocate has...

SEC Investor Advisory Committee to Hold Public Call on Regulation Best...

The Securities and Exchange Commission’s investor advisory committee will hold a public conference call next month to discuss its proposed Regulation Best Interest and...

DOL to Introduce Fiduciary Rule in September 2019

The Department of Labor plans to introduce a revised final fiduciary rule in September 2019 after the previous version was vacated by the Fifth...

ADISA Names Award Winners at 2018 Annual Conference in Las Vegas

ADISA, a trade association representing the non-traded alternative and direct investment space, announced the 2018 winners of the organization’s A Champion of Excellence (ACE),...

The DI Wire Q&A: ADISA CEO Previews 2018 Annual Conference

ADISA recently submitted a comment letter on the SEC’s proposed Regulation Best Interest Rule – what are the organization’s primary concerns with the proposed...

Merrill Lynch Reverses Ban on Commission-Based Retirement Accounts

Merrill Lynch, the wealth management arm of Bank of America, is reversing its ban on commission-based products in customer retirement accounts following the death...

Massachusetts Regulator Blasts SEC Best Interest Proposal, Threatens State Rule

Secretary of the Commonwealth William Galvin, the securities regulator in Massachusetts, has submitted comments to the Securities and Exchange Commission opposing their regulation best...

DOL Fiduciary Rule Officially Dead

After a six-week delay, the Fifth Circuit Court of Appeals has issued its mandate killing the Department of Labor’s fiduciary rule which attempted to...

Merrill Lynch Reconsiders Commission Ban in Wake of Fiduciary Rule Demise

With the demise of the Department of Labor's fiduciary rule, wirehouse Merrill Lynch may reconsider its 2017 policy of banning commissions in retirement accounts,...