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Ex-Merrill broker ordered to pay $1.4 million in insider trading case
Gary Yin, who pleaded guilty to laundering a client's insider trading profits, must pay restitution to Merrill but avoids prison sentence.
SIFMA proposes own standard for brokers to act in clients’ best interests
Proposal means to counter DOL fiduciary duty with an amended suitability standard.
Finra launches ad campaign for BrokerCheck
Critics say promoting database is worthwhile, but that it doesn't have enough information for investors.
Ex-NFL cornerback Will Allen accused of running Ponzi scheme
SEC alleges the NFL vet and his partner used cash from clients to fill a $7M shortfall in investor payments
Senate passes national insurance registry
Bill that would help agents practice in multiple states moves to president's desk.
Adviser ordered to pay more than $1 million in SEC fraud cases
Sage Advisory Group principal Benjamin Lee Grant agrees to permanent bar.
Legislation would give SEC more time to go after fraudsters
Sen. Reed proposes extending the statute of limitations on securities law violators from five years to 10.
Digital services must adhere to core fiduciary principles
Advisers should step back from the current industry fixation on digital portfolio management capabilities to think about what investors may find most useful.
Supreme Court rulings imminent in cases with financial planning implications
High court is set to announce opinions in two cases — one on same-sex marriage and another on health care — that will impact the advice financial planners deliver to clients.
Supreme Court decision in 401(k) case may have profound effect on fiduciary debate
Portions of the recent decision appear to be at odds with the DOL's intentions.
Finra wants to allow online CE training
Brokers would be able to conduct continuing education online rather than having to go to a test center.
Finra sends BrokerCheck link rule to SEC
Proposal would require brokerage firms to include links from their websites to a public database containing brokers' histories.
Congressman calls for Finra oversight of investment advisers
Rep. French Hill says the broker-dealer SRO is the best equipped regulator for the job.
Finra’s Ketchum criticizes DOL fiduciary rule
Chief broker regulator finds a lot to dislike in proposal, including unintended consequences such as a possible cutback in sales of IRAs.
Merrill seeks to be leader on fiduciary
John Thiel's outspoken support of a best-interest standard and the Labor Department's effort puts pressure on peers. (See also: DOL proposes controversial fiduciary rule)
Finra arbitration panel awards investor $1.3 million from ex-Stifel broker
Broker's former daughter-in-law claims churning and fiduciary breach.
Finra’s BrokerCheck gets a facelift
Finra makes some information more prominent, but system still doesn't go far enough plaintiffs' attorneys say.
SEC seeks public comments on exchange-traded products
Regulator wants feedback on listing, trading and marketing of ETPs.
The heavy downer of seeing GDP revised downward
Breakfast with Benjamin: A downward revision of first quarter GDP can be called an aberration, but that won't make it any less bad.
SEC might require more disclosure about SMAs and social media
Proposed rules would require advisers on their Form ADVs to divulge more about their use of separately managed accounts and social media activities
