Scan of recent orders and reports from SEC, Finra shows the advice industry is already feeling the effects of fiduciary.
Regulator said he failed to tell Native American tribe about fees.
Three independent broker-dealers formerly operating under AIG's umbrella have been fined $7.5 million and ordered to pay restitution of $2 million to clients.
A Michigan pension plan says the company bought back shares at artificially inflated prices because of misleading statements it made about its financial condition.
Firm expects the fiduciary rule to be a catalyst for more advisory business and wants to help its advisers compete.
Court filings from the RCAP bankruptcy proceeding state that Cetera Financial Group's adviser headcount has fallen 4.3%.
The company doesn't specify how many of its 9,000 Cetera brokers will qualify, or any other details of the plan.
IBD sets plan a month after activist investor Marcato Capital took a 6.3% stake.
Suit alleges the private-equity firm is helping top brass break non-compete agreements and then hiring them.
Private-equity firms and an asset manager have been identified as among the broker-dealer network's new ownership.
