'Brokerage firms must broaden their horizons about what’s under scrutiny by regulators and what isn’t,' one compliance executive says.
'The positive thing about this award is that it is roughly 10 times the net out of pocket losses to the client,' says the client's attorney.
'We're hearing more horror stories' about clients becoming targets after a data breach, one attorney says.
Nontraded REITs are facing hurdles, higher interest rates, headlines about half-empty office buildings, and investors pulling their money from products.
'Handshake' deal goes wrong for two south Florida advisors.
In twist, the broker has blamed other members of a town board for allegedly allowing the theft.
'Sophisticated hackers for last 10 years have constantly improved their ability to breach systems,' compliance consultant says.
Was an all-you-can-eat shrimp promotion to blame?
'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.
'The wealth managers have been unbelievably supportive through all of this,' said Bryant Riley, the firm's chair and co-CEO.
