Swiss bank could face billions of dollars in fines from French and US authorities.
Investor advocates: Agency still has a lot of work to do on Form CRS
Move comes as the bank aims to cut costs by $4 billion
Proposal promotes 'auto-portability' as a way to reconnect plan participants with retirement savings they've left behind.
The lawsuit comes days after an LPL broker filed a similar legal complaint.
The Investor Advisory Committee suggests clarifying that Regulation Best Interest is a fiduciary standard.
The award follows a similar award last month when former Credit Suisse broker Brian Chilton was awarded $844,621 in deferred compensation.
While the new majority is unlikely to block the SEC advice rule, retirement income advocates forecast momentum for annuities legislation.
The bank has also suspended fees on some wealth management assets and accounts after finding it charged some clients incorrectly
Lance Browning is trying to stop the insurer from terminating annuity trail commissions on behalf of thousands of other brokers.
The regulation hasn’t kept up with developments in the advice industry or technology, according to compliance experts
The broker, Terrance Hood, was fired by Merrill last year for falsifying receipts for childcare expenses
Insurer allegedly filled its 401(k) plan with high-cost in-house investments.
Douglas Simanksi told clients he would invest their money in a 'tax free' fixed-rate investment, SEC charges.
Changes are designed to help investors understand how the B-D routes their order and how that affects execution quality.
State actions against advisers outpaced those against brokers.
Agency reports 108 stand-alone enforcement actions involving investment advisers and companies, up 31.7%.
Research shows false accusations of broker misconduct are disturbingly common, which suggests Finra needs to make a change.
Sonya Camarco pleaded guilty to forging checks, depositing clients funds into her personal accounts.
Firm will repay $447,000 to clients it overcharged for more than seven years.
