He pleaded guilty to securities fraud in 2017; charged clients excessive commissions.
Floyd Powell received $104,000 in commissions from the transactions.
Enhanced level of accountability is necessary to weed-out bad actors that tarnish industry and harm investor confidence.
Buybacks are diverting cash companies should be using to make capital investments, GOP senator says.
Tackling growing loan burdens sparks bipartisan interest on Capitol Hill.
One claim involving an in-house stable value fund will move forward.
Her position indicates Regulation Best Interest and the larger rule could become final sooner rather than later, but potential litigation looms.
Martin Kirschner fails to take part in hearing looking into case.
Letter cites proposal's 'weak and incomplete' economic analysis.
The board is trying to attract a more diverse clientele to CFPs
A decade after the custody rule was updated, custody status remains a riddle.
A lack of effort to find common ground is holding us back, which is why we must hold the president and lawmakers to their promises to change.
The overconcentration of securities was not suitable for some clients, Virginia alleged.
Financial advisers bear bad news related to the state and local tax deduction that could surprise clients.
James Paquette was sentenced last month to 10 years in jail.
New legislation would require financial professionals to act 'without regard to' their own financial gains.
RESA measure would help small businesses offer 401(k) plans, ease use of annuities.
Some say he should take credit for the economy, others want him to reach across the aisle on taxes and health care.
Executive said agency will check on systems and processes firms have in place, and gather information about how rules can be improved.
Complex case involved suicide, excessive trading and unauthorized transfers.
