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SEC blasts Wedbush for ongoing failure to supervise
Agency says firm failed to take action against pump-and-dump fraud.
Key lawmaker sees disclosure as most important part of investment-advice standard
Rep. Bill Huizenga, chair of House financial subcommittee, casts doubt on 'systemic problem.'
Gannett 401(k) participant sues over stock holdings in former parent company
Complaint alleges the decline in the stock cost plan participants an estimated $135 million.
Finra bars no-show broker discharged for unauthorized trading
LPL terminated registration of Sanders Spangler for violating company policy.
DOL fiduciary rule lawsuit withdrawn by fixed annuities group in DC federal court
National Association of Fixed Annuities puts focus on 5th Circuit Appeals decision to kill regulation.
Bank of America $42 million fine renews push for more info on where orders go
Its routing of customer orders to electronic traders triggered $42 million fine from New York state.
DOL fiduciary rule: Don’t abandon compliance just yet
Financial advisers, firms should not make any dramatic changes until the direction of this giant fiduciary ship is on a clearer course.
Finra bars former Fortune Financial rep over document denial
Fired over a fraud charge, Michael Giokas refused request for information.
Business development company language added to spending bill allows for increased leverage
BDC reform was tacked onto the $1.3 trillion appropriations bill signed by Trump on Friday.
Bank of America to pay $42 million to NY over electronic trading probe
As part of settlement, bank admits it inflated claims about number of retail orders routed to its dark pool, called "Instinct X."
Investment Adviser Association, Schwab press lawmakers for tax-reform adjustments to help advisers
Groups seek to restore deductibility for advisory fees and expand eligibility for pass-through benefits
Here’s how the top indexed, variable annuity sellers did last year
Allianz Life Insurance Co. of North America shed the most money on the indexed side, and Prudential Annuities on the variable end, both losing more than $2 billion in sales year-over-year.
Finra bars former Northwestern rep for impersonating customers
Finra barred Matthew Cochran for opening accounts held by 98 customers in trading ruse.
DOL fiduciary rule: 5th Circuit decision could be big win for indexed annuities
The fiduciary rule may be taken off the books as a result of the ruling, and an SEC fiduciary standard wouldn't cover products not registered as securities
What to watch for next with the DOL fiduciary rule
Much hinges on whether the Labor Department appeals the 5th Circuit decision by April 30.
F-Squared’s former president ordered to pay $12.4 million over false statements
Judge says Howard Present, who led ETF portfolio management firm, was 'reckless.'
Aon Hewitt wins 401(k) lawsuit over robo-adviser kickbacks
It's the fourth time a retirement-plan record keeper has prevailed in a lawsuit scrutinizing fees received from Financial Engines.
Finra looks to streamline broker-dealer exams
CEO Robert Cook says three examination teams may be consolidated.
Finra bars former Morgan Stanley rep for unauthorized trades
Firm has settled 13 claims and paid customers of Thomas Alan Meier $2.5 million.
Finra reduces suspension of former Morgan Stanley rep
Kenneth Mathieson's one-year suspension for outside activities cut to six months.
