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SEC files record number of enforcement cases and highest fines in 2015
Agency brings actions against new kinds of securities fraud.
Advisers form coalition to oppose DOL fiduciary rule
Grassroots organization is sponsored by a trade association for life insurance companies.
Fidelity charged by Massachusetts with dishonest and unethical behavior
Massachusetts' top regulatory cop accuses the company of allowing unregistered advisers to make trades through its broker-dealer platform.
Republican introduces bill to curb SEC use of in-house judges
Legislation would give advisers the option to have cases tried in federal court instead of in forums presided over by the agency's administrative law judges.
Democrats oppose bill to thwart DOL fiduciary rule
Even those who backed similar legislation two years ago now support the Labor Department's proposal to change investment advice standards for retirement accounts.
Two big compliance services firms for advisers merge
National Compliance Services Inc. and Regulatory Compliance say their product lines complement one another, and together they can meet increased demand as more advisers become independent and regulations proliferate.
UBS in $19.5 million settlement over misleading investors on derivatives
SEC says investors lost about $5.5 million in first case against an issuer of structured notes.
4 ways the Labor Department is about to rock our world
The proposed fiduciary standard will have the biggest impact since the deregulation of the securities industry a few decades ago.
SEC, Finra fine UBS $34 million over Puerto Rico funds
Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud.
State regulators report advisers’ top five trouble areas for compliance
Latest exam data from state regulators show deficiencies are down dramatically, but some areas are particularly problematic.
Pension trade group believes DOL fiduciary rule is all but inevitable
American Society of Pension Professionals and Actuaries now plans to shape -- not kill -- the proposal.
Warren Buffett doesn’t have time to fiddle with activist investing
Breakfast with Benjamin: Warren Buffett's distaste for activist investing boils down to simple math.
Support grows to repeal Obamacare ‘Cadillac tax’
Bipartisans in Congress — as well as business and labor groups — are coalescing to try to stop a tax on high-premium health care plans.
RCS Capital stock may be delisted from NYSE
Exchange warning on share price comes as Massachusetts securities cop Galvin charges its wholesale brokerage, Realty Capital Securities, with proxy fraud.
Investor lawyers say Finra moving too quickly on arbitration unit
Proposal would bring its dispute resolution arm back in house.
Another five firms ordered to pay $18M for mutual fund overcharges
Finra says Edward Jones, Stifel Nicolaus, Janney Montgomery Scott, Axa and Stephens failed to waive sales charges for certain retirement accounts and charities.
Mandatory arbitration reform on the docket at CFPB
Experts in the financial industry question what spillover effect it will have on such clauses for brokers.
Reining in expungements
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
Finra presses ahead with proposal to temper expungement
The regulator's Board of Governors authorized amendments to the code of arbitration and also approved a separate item to protect senior investors.
Regulators target free lunches for elderly clientele
Concerns involve linkages between these prospecting meals — popular with seniors — and sales of high-fee investment products.
