Small-brokerage executive expresses concern over lack of specifics about what is 'best,' given an inability to make perfect investment choices for every client.
The regulator sees patterns in the behavior and disclosures of high-risk brokers.
Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards.
Measure would allow companies to make contributions to retirement plans for employees paying down college debt.
Regulator launches multiyear program it hopes will make compliance programs more efficient.
Crackdown will help, but creating restricted accounts alone will not solve the problem of unpaid arbitration awards.
One consultant suggests spending 5% of revenue to fully address compliance needs.
Despite SEC commissioner Peirce's comments last week, absent real mitigation, the rule is toothless.
The issue has been a problem for Finra — and investors — for a long time.
Stephen Walsh of WG Trading is ordered released from prison after arguing that his lawyers were ineffective.
Social media posts can have hidden agendas, regulators said
Claimants alleged custodian aided and abetted Ponzi scheme.
Class-action suit alleged the firm mismanaged its own retirement plan and profited at the expense of employees.
And SEC chairman Jay Clayton tells senators his agency aims to preserve adviser, broker competition while bringing standards closer.
The two advisers left Credit Suisse after the company announced it was closing its U.S. brokerage operation.
Sustainability best practices & investment in technology are integral to producing competitive returns from farmland
Clients allege lack of suitability and due diligence by B-Ds.
Massachusetts alleges firm flagged problem with former broker but did nothing to stop him.
A broker for Morgan Keegan, which Raymond James acquired in 2012, bought shares of two penny stock firms for IRAs, which was against firm policy.
House Financial Services Committee chairwoman is also preparing a hearing with executives from U.S. regional lenders.
