Robert Shapiro is settling claims he defrauded investors in a $1.2 billion real estate Ponzi.
A cost-of-living adjustment also raises IRA contribution limit to $6,000.
The Investor Advisory Committee will vote Nov. 7 on suggesting the agency clarify, expand broker requirements.
Agency wants to improve investor knowledge, but consumer advocate says seven-page example included in proposal has similar weaknesses to Form CRS
The broker, Dennis Ferwerda, failed to cooperate in Finra's investigation.
The former partners provide a blueprint for what can go wrong in a business relationship.
Schwab official agrees chairman Clayton wants to finish reform package soon, but says top regulator will face challenge finding three votes to pass it.
Proposal would bar leveraged products from describing themselves as exchange-traded funds
Fired by Morgan Stanley in 2016, Bruce Plyer failed to give testimony in a Finra investigation.
But consumer advocate says proposal doesn't elevate standard beyond current suitability.
Move occurs amid regulatory investigations into the bank's sales practices.
Dawn Bennett just the latest in a growing list of malfeasance by advisers and others.
Growth of independent sector translates into more enforcement actions.
The SEC's proposed advice rule and efforts to strengthen Finra will be among the critical areas next year.
Even when Finra arbitrators decide that a firm reported inaccurately on a broker's dismissal, they rarely award monetary damages.
But the proposal doesn't create "open MEPs," as many in the industry had been hoping.
Award is the largest penalty for UBS involving the Caribbean island to date.
Bank says the settlement relates to product sales goals that were eliminated in 2016
Advisers say people most likely to participate also meet the income and net-worth thresholds to qualify as accredited investors.
Historically speaking, the worst is behind us.
