A federal judge has granted the Department of Labor's motion to pause two cases involving its 2024 fiduciary rule, according to Financial Advisor. The rule, approved under the Biden Administration, would expand the definition of fiduciary under the Employee Retirement...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: February 2025
Charles Schwab to charge advisors in network program an extra 5% for referrals
Charles Schwab announced that it is increasing fees for advisors participating in its Schwab Advisor Network referral program, reports FA Mag. The advisors will have to pay a 5% increase for client referrals from the firm’s retail branch offices. “As we have shared...
SEC seeking candidates to be members of its Investor Advisory Committee
The Securities and Exchange Commission announced that it is seeking candidates for appointment as members of the SEC’s Investor Advisory Committee. Established by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the committee focuses on investor-related...
SEC charges One Oak Capital Management, representative with breaching fiduciary duties
The Securities and Exchange Commission announced settled charges against a New York-based registered investment advisor and one of its former representatives for breaching their fiduciary duties to clients. The matter involved One Oak Capital Management LLC, and...
Bill introduced to eliminate income taxes on Social Security benefits
A bill that would eliminate income taxes on Social Security benefits has been introduced in the House of Representatives, according to ThinkAdvisor. Rep. Thomas Massie (R-Ky.) proposed the Senior Citizens Tax Elimination Act, H.R. 1040 recently with 29 Republican...
