In comment letter, Investment Adviser Association criticizes SEC advice rule for net capital, account statement and licensing requirements.
Four main changes should be made before a final rule is issued
Action concludes settlement in case of improper stock-loan revenue actions.
Examiners question brokerages about fees, financing and initial coin offerings, in addition to data on investment advisers' involvement.
But the agency's proposal does not require brokers to be fiduciaries for clients, instead establishing an undefined "best interest" rule.
Gilbert Fluetsch is alleged to have spent customers' investment funds mostly on unrelated business and personal expenses.
Ex-audit department employee says she brought concerns to Finra and then was let go days later.
Investigation focused on the creation and sale of loans contributing to the 2008 financial crisis.
Observers say the proposal could open up areas of arbitrage, depending on how it's drafted
Industry lobbyist suggests regulator avoid 'prescriptive' language for mitigating conflicts.
Laurence Rollins accused of taking trade secrets to new employer.
Report outlines more that 80 recommendations for lawmakers and regulators.
A federal judge ruled the university did not act imprudently with employee retirement plans.
Regulator wants to know what it can do to provide support.
IRS OKs up to $10,000 in K-12 spending and rollovers to ABLE accounts; makes recontributing tuition refunds to 529s tax-free.
These investments will make sense mainly for ultrahigh-net-worth clients, at least initially, according to tax experts.
Although measure died in June, Massachusetts case against Scottrade lives on.
Daniel B. Rudden and Denver-based Financial Visions allegedly defrauded 150 investors
Regulator says move will ensure unified approach in charging, sanctions.
