Brokers allegedly pushed conservative investor to put 100% of assets into risky proprietary bond funds.
Nudge theory and the rise of advanced technology promise new methods for advisory firms to fight the good fight in a world where the dangers of non-compliance have never been greater.
The four-day event, featuring 75 witnesses from all sides of the debate testifying on panels together, could get heated.
Daniel Gallagher Jr. says the agency should stand down and not finalize rulemaking.
Chairman Richard P. Rojeck explains the Board's disciplinary process and questions why a judge who is not a CFP would be better able to interpret its rules and evaluate the evidence.
The regulator wants advisers to develop continuity plans to avoid major disruptions to clients and markets.
Tweets from around the industry tell the tale of the battle for and against a fiduciary standard for brokers.
<i>Breakfast with Benjamin</i>: Tampa-based fund manager to plead guilty to investment fraud in relation to $9M worth of Facebook stock he purchased then sold and was caught short when the stock price rebounded.
Plaintiffs accuse firm of receiving almost half of the management fees while a sub-adviser did most of the work.
Rep. Ann Wagner and three colleagues on the House Financial Services Committee are seeking additional signatories on letter to Labor Secretary Thomas Perez.
Says top regulator is not pressing for admission of guilt in enforcements, and granting too many waivers.
<i>Breakfast with Benjamin</i> China's stock market rout is being described as just the beginning, with some big moves still to come.
Leo G. Rydzewski has been lead counsel in compensation-description litigation for the board, and in part replaces Michael Shaw, who left Dec. 12.
The broker-dealer and its top adviser in Louisiana cut ties after the adviser received a Wells notice announcing a Finra investigation. Adviser says the separation is unrelated.
The Securities and Exchange Commission says the firm overcharged retail clients by at least $4.6 million on new municipal bond sales.
The expectations many investors have baked into their financial plans for the future are based upon recent or historic gains.
A $2.5 billion broker who was fired this month for “inappropriate workplace behavior,” according to employment records, may have been too bullheaded for the thundering herd, his attorney said.
Anticipating an enforcement push, the broker-dealer told brokers that next year they will no longer be able to receive a fee or commission from retirement accounts belonging to family members.
"Wonder Woman of Wall Street" plans to appeal decision, seek expedited review.
Chief executive Mark Casady says the firm has "couple things left to go" before enforcement actions resolved.
