Legislation would require SEC to look beyond AUM in determining size, such as to a firm's number of employees, when scaling mandates.
Massachusetts ordered Roger Zullo to disgorge $1.9 million in commissions.
How will the four wirehouses react to this news?
Plaintiffs alleged that offering 'artificially inflated' company stock in the defined-contribution plan violated ERISA.
More openness about its finances is welcome and may be a precursor to greater disclosure about other areas of its operations.
The Senior Safe Act and new Finra rules are the latest initiatives to encourage advisers to intervene in cases of elder financial fraud. But the measures don't guarantee advisers won't be sued.
Efforts to protect seniors from fraud, exploitation may invite legal battle.
Neither Texas E&P Partners nor principal Mark Plummer showed up for hearing to answer investor's charges of gross negligence and recommending unsuitable investments.
Compliance experts want agency to revisit regulation whose FAQs now run to 17 pages
SEC alleges money from newer UDF fund was being used to pay distributions to investors in older fund.
Clients are doomed to pay more taxes. They need our help.
Joe Voboril is seeking $20 million in damages for wrongful termination.
A new survey finds most advisers see potential for AI to improve client experience.
Regulator will conduct public financial records review within 15 days of Form U4 filing.
Lender's Hong Kong unit attempted to win banking business by offering jobs to sons and daughters of Chinese officials.
Advisers are challenged to protect against one of the biggest risks to a retirement plan.
Doing the right things the right way is how you get the biggest return.
Insurance is no longer just a one-off in planning.
Although it applies only in Georgia, other courts and industry panels could refer to the ruling in similar cases.
Firm hopes that involving advisers in the technology design process will result in better aligned products
