Adam Belardino, CEO of the Maddox Group, was charged with embezzling more than $313,000 from one client and fraudulently obtaining commissions on life insurance for another client.
State regulators and PIABA have questioned whether a residential supervisory location would provide appropriate investor protection.
The Securities and Exchange Commission chairman told securities lawyers that the agency would pursue violations wherever and however they occur.
Five are censured, three suspended, three revoked and two barred by the Certified Financial Planner Board of Standards Inc.
The regulator wants to provide relief from in-person supervision until the SEC rules on a pilot program for online oversight.
The firm is in talks with the Consumer Financial Protection Bureau regarding cases involving automobile lending, consumer-deposit accounts and mortgage lending.
The SEC charged Syed Arham Arbab and five friends with trading with fake account deposits, in a 'free-riding' scheme that caused two brokerages to lose $146,600.
While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.
That's why Chairman Gary Gensler will be able to proceed with his agenda, experts says. But he'll get plenty of GOP pushback for being too aggressive.
It's critical that the DOL and members of Congress hear from advisers what their independent classification means, not just to them but to their clients as well.
A fiduciary mindset when vetting third-party providers should keep them out of trouble, some say. But there are concerns about the regulatory costs entailed for small firms.
Dante De Gori served previously as the chief executive officer of the Financial Planning Association of Australia.
Cultural competency is within reach even as the profession persists with its long-term initiatives.
Advisers would have to step up due diligence and monitoring of third-party providers, potentially including those who provide portfolio management and indexing.
The president and owner of an Illinois-based health care company failed to make necessary contributions to the retirement plan.
How well the system works will depend on the quality of the taxonomy, a compliance expert said.
In an appearance at SIFMA's annual conference, the SEC leader declined to provide a timeline for final regulations on his broad agenda.
Federated Hermes has indicated that it will end membership of the State Financial Officers Foundation.
State regulators filed cease-and-desist orders against an organization based in the country of Georgia that was selling non-fungible tokens known as Slotie NFTs.
There’s a lot more than control of the House and Senate on the ballot in November, especially for Gary Gensler and the SEC.
