In two new studies funded by the FINRA Investor Education Foundation, researchers found correlations between financial confidence and financial literacy and cognitive health in older persons.
News & Insights
In a study funded by FINRA's Investor Education Foundation, researchers found that financial overconfidence (i.e., high confidence in an individual's financial knowledge relative to their actual financial literacy) may result in excessive financial risk-taking.
The DOL proposed a rule that would clarify the duties of ERISA plan fiduciaries on proxy voting.
The North American Securities Administrators Association urged the DOL not to adopt a proposed class exemption under ERISA, arguing that it would "jeopardize" the security of retirement investors.
The SEC Staff Standards of Conduct Implementation Committee concluded that broker-dealers and investment advisers are complying with content and format requirements on Customer Relationship Summaries.