The Greater Boston Chamber of Commerce is sending an email to members today to stir opposition to Massachusetts Secretary of the Commonwealth William Galvin's proposed fiduciary rule, according to the Boston Globe.

The settlement offer between the commission and Founders Financial Securities comes a day after 16 firms were ordered to pay restitution to clients for similar faults.

The SEC mandated that 16 firms recoup investors after they failed to disclose issues with investments in higher-cost class share mutual funds, and penalized one additional firm further for failing to self-report.

The corporate RIA of Cetera’s bank channel failed to disclose solicitation agreements it had with about 350 banks, according to the SEC.

More choices and lower pricing can protect your clients’ interests and safeguard your practice.

The SEC and Massachusetts collaborated on the investigation, which found the co-principals of Strategic Planning Group failed to disclose conflicts of interest.

House representatives push back on the new rule package, as well as the recovery efforts related to the Stanford Ponzi scheme, which has returned just 4.5 cents on the dollar to victims.

Do the new regulations out of the Empire State herald the future for sellers of annuities and life insurance?