The best practices program will require advisers to charge reasonable fees and disclose them.
Jeffrey Howell allegedly overvalued a UBS customer's account by as much as $3 million.
CFO Paul Donofrio says the bank's decision "creates significant flexibility for our advisers, and we're delivering fiduciary, best-interest advice to clients.” <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-faq" target="_blank">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b> .
Despite record enforcement at the agency, the senator focused on Ms. White's 'brazen conduct.' <b><i>(More: <a href="http://www.investmentnews.com/article/20160904/FREE/160909989/why-financial-advisers-hate-elizabeth-warren" target="_blank">Why advisers hate Elizabeth Warren</a>)</i></b>
First Heartland Capital broker Jerome Scott Krause liquidated some of their investments without consent
The broker wired funds to a business account to pay himself a higher salary, unearned commissions.
The threat of cyberattacks is very real in the financial advisory industry, but not all advisers are getting the message.
Debra J. Ferrara agreed to be fined and suspended for releasing funds after a client's email account was hacked.
Laurence I. Balter, founder of Oracle Investment Research, also allegedly charged clients both an advisory fee and a fund-management fee.
The broker borrowed $300,000 total from two clients in violation of Finra rules and firm policy.
Lessons can be learned from larger firms that have completed Finra's examinations, and from the safeguards they've built to avoid future problems.
Plus: The Fed almost raised rates again, Neuberger Berman would rather fight than settle, and welcome to the worst kind of job interview
The company's "criminal epidemic" caused its stock price to tumble, leading to hundreds of millions in losses that 401(k) fiduciaries didn't try to prevent, according to allegations.
Neil Moscicki allegedly violated the noncompete covenant of his employment agreement.
It's part of an industry sweep that targeted firms with an above-average number of reps with current misconduct reports on their records.
Arbitration panel pointed to customer letters as evidence the brokers had done nothing wrong.
Uptick in adviser crackdown attributed to better data analytics and agency's new unit focused on asset management. <b><i>(Related read: <a href="//www.investmentnews.com/article/20161005/FREE/161009968/supersized-fines-put-finra-on-pace-for-record-year"" target=""_blank"" rel="noopener noreferrer">'Supersized' fines put Finra on pace for record year</a>)</b></i>
Revenue tied to alternative investments such as nontraded REITs plunged 72% year-over-year.
Firm purchases Wheelhouse Analytics as tool to glean more insight into client portfolios and benchmark accounts against peers.
Providers such as MassMutual and Mercer have recently unveiled new services, part of a trend seeking to capitalize on disruption caused by the DOL fiduciary rule.
