Whistle-blowers might rake in more by dealing with the feds, but they're frustrated by slow process.
Dennis Wright allegedly stole money from at least 28 customers, including childhood friends and inexperienced investors.
The advisers allegedly violated Finra rules and firm policy by encouraging some of their larger clients to invest directly in hedge funds.
Where the court stands on a six-year statute of limitations could shape how fiduciaries serve retirement plans and participants.
Where the court stands on a six-year statute of limitations could shape how fiduciaries serve retirement plans and participants.
Changes would not take effect until 18 months after SEC signs off, three times longer than originally proposed.
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A Finra arbitration panel ordered Vladimir Eydelman to repay his former firm after he was fired in March amid charges of insider trading.
Jonathan Sokobin, the regulator's chief economist, will bring together a group of small firms to better understand costs and benefits of the proposal.
Group will advance recommendations, with a key focus on cost versus benefit.
Finra proposal bashed as an 'envelope-stuffer'
The role moving to the SEC would require brokers to put written procedures in place to verify the accuracy of applicants' U4 forms.
Advocate urges SEC leader to move ahead with split commission.
Consensus may never be reached, with Gallagher and Piwowar already against it.
SWS Financial Services charged with green-lighting variable annuity applications without proper review for suitability.
As a first step, communication and coordination between advisers, regulators needs to be improved.
Other issues state regulators are tackling include expungement, broker fee disclosures and REIT concentration in portfolios.
Calling a broker an adviser is dangerous, and it's time to embrace the black-and-white distinction.
Regulator reportedly questions whether fund company artificially boosted returns in its big fixed-income ETF by relying on lofty valuations; smaller firms could be at risk.
