April 19, 2024
Empower, Competitor Hit Pause on Legal Battle over 13 FAs
A stipulated injunction says that Empower rival Compound Planning must remove certain Web-based comparative marketing statements while specifying which former clients are off-limits for ex-Empower advisors at Compound Planning.
Former Broker Pleads Guilty to Fleecing Army Families
Caz Craffy was charged last year with causing Gold Star families more than $3.7 million in losses while pocketing more than $1.4 million in commissions.
Edward Jones Not Touching Crypto: Managing Partner
There is no way to value cryptocurrency, according to Managing Director Penny Pennington.
Q&A: How Low Should Minimums Go for Direct-Indexing Accounts?
Brian Huckstep, chief investment officer at Advyzon Investment Management, tackled some questions from Financial Advisor IQ on how and when advisors should consider direct indexing, and when to maybe back off.
Errors, Omissions, Misstatements: How Firms Are Lagging in Marketing Rule Compliance
The commission says it has found a variety of problems among RIAs in compliance with the new marketing rule, from failing to disclose conflicts of interest to touting awards that were never received.
Industry Moves
DOL Seeking Data for Retirement Savings ‘Lost and Found’
The agency wants to gather information directly from plan administrators for a searchable online database to help plan participants and beneficiaries locate missing retirement savings.