Displaying 10200 results
Finra bars ex-Merrill employee who had 47 years with firm
Supervisor left firm amid an internal review of her performance and then declined to testify during a Finra investigation.
LPL sued by Galvin over top producer’s alleged variable annuity abuses
Massachusetts' William Galvin charged the nation's largest independent B-D with failing to supervise a top-producing broker who allegedly committed fraud in selling unsuitable VAs.
Financial adviser pleads guilty to theft of more than $1.6 million
Admits to stealing money from a family's trusts that he was managing and using it for personal expenses. (Related read: Massachusetts investment adviser Gregg Caplitz sentenced to prison for fraud, SEC says )
Galvin claims software developer defrauded investors in trading scheme
Bruce S. Horowitz charged big upfront fees but never invested any of his clients' money, the Massachusetts regulator claims.
Anthony Scaramucci headed to White House?
The hedgie, famous for comparing the DOL fiduciary rule to the Dred Scott decision, may be going to work for Donald Trump.
Finra bars former JP Morgan, RBC brokers
Both former brokers settled and refused to testify.
Ex-J.P. Turner broker accused of excessive trading in elderly client’s account barred by Finra
The regulator said Anthony Mastroianni Jr. churned an elderly client's account at two different brokerages.
The future of financial planning through fiduciary lenses
There will be a variety of desired and unexpected consequences of the DOL fiduciary rule.
Finra launches extensive sweep of broker-dealer cross-selling
Regulator looking into incentives firms are offering employees to promote bank products of an affiliate or parent company to retail brokerage customers in wake of Wells Fargo scandal.
Broker-dealers are failing to supervise rogue brokers, says Massachusetts regulator William Galvin
Only 6% of reps with checkered backgrounds were placed on heightened supervision by their broker-dealers, according to a new report.
Trump pick for Labor secretary not likely to favor DOL fiduciary rule
Though Andrew Puzder, a fast-food CEO, has not weighed in on the regulation, his conservative leanings on employment policies indicate he probably won't embrace it.
Investment Company Institute says DOL rule is already depriving investors of financial advice
Some people turned away by their brokers are contacting mutual funds for help, fund trade group official says. (Related read: Betterment presses Trump to keep DOL rule)
Luis Aguilar recalls harrowing times at SEC
The former commissioner began a seven-year stint just as the financial crisis began.
Congress reignites debate over lifetime income disclosures in 401(k) plans
Legislation is being considered to continue a stalled Labor Department effort to require income illustrations on retirement account statements.
Take 5: Knut Rostad on the DOL fiduciary rule, advisory fees, and his hope for a debate with Trump adviser Anthony Scaramucci
Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Rumors of DOL fiduciary rule’s demise greatly exaggerated: panel
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
Outlook good for expanded accredited investor definition after strong approval in House
Sailing through the chamber, bill includes changes to who is considered a sophisticated investor eligible to participate in private placements.
Ex-worker sues Vanguard over firing, claiming whistleblower protections
The plaintiff, who had alerted the SEC to alleged lax security over customer data, claims her former employer's actions were "retaliatory."
Betterment presses Trump to keep DOL rule
Ad campaign suggests robo-adviser is ready to battle for fiduciary standard.
Finra panel directs UBS to pay $750,000 for Puerto Rico investment damages
Awards for damages tied to the island's debt crisis continue to climb this year.
