Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
It isn't just a matter of identifying clients who are interested, but of removing whatever obstacle is keeping them from investing.
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
Morgan Stanley was penalized for failing to catch excess sales charges and fees from mutual fund transactions between 2015 to 2021.
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
Transparency isn't always clear, especially when critics take issue with the way companies calculate accountability.
Instead of viewing compliance as an obstacle, look at it as an opportunity to create messages that reach, influence and persuade more people than ever to pay you to build their wealth.
As account balances shrink in stride with the financial markets, RIAs are increasingly embracing flat-fee pricing.
When advisers are focused on the activities they enjoy, flexing their best skill set, they will win and be happy while doing it.
Cory Youmans, an adviser in Plano, Texas, snagged Judge’s historic 62nd home run of the season on Oct. 4.
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
Accountability for fulfilling vows of diversity and inclusion has been scarce, but a spate of new scholarship and outreach programs signaled progress.
Grace and goodwill are the way to build bridges that include all.
CEO David Solomon is battling to contain a slump in profit and revenue after a costly expansion into consumer bank resulted in deep losses.
Plus Stifel turns to KX to enhance analytics and decision making, and digital insurance brokerage Modern Life unveils a new platform for advisers.
The grants from Stephanie Bogan will support training for diverse advisers.
An LPL presentation on the return on various types of assets shows the age of advisory assets and fees has arrived in the broad financial advice industry.
CFP Chair Kamila Elliott said the current political environment would make it too difficult to obtain legal recognition of financial planning.
The firm used two locations to store phone records, which caused a confused response to Finra document requests in investigations, according to the regulator.
