The firm's former CEO, Laurence Allen, is barred and its current CEO, Michael Schunk, is suspended.
She takes the helm of the agency that oversees employee retirement plans as it is writing another iteration of an investment advice rule.
The organization representing SEC-registered advisers held its advocacy day on Capitol Hill on Thursday.
Florida, full of retirees looking for sunshine and low state taxes, is also densely populated with financial advisers.
The agency's chair implies at an Investment Adviser Association conference that investors should receive best-interest advice regardless of which type of financial professional they work with.
Three plan participants are suing the bank, alleging that it overpaid for company stock in its employees’ retirement plan.
The Los Angeles-based firm has had a history of failing to supervise certain trades that resulted in scrutiny from regulators and penalties.
In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.
The penalties levied against firms including Citigroup, Bank of America and Goldman Sachs constitute the largest-ever penalties against US banks for record-keeping lapses.
Richard M. Crabtree, who was based in Annapolis, Maryland, began defrauding a client in 2016, according to the agency.
The results of the investigation could be released as soon as Wednesday and could see regulators extracting total fines of around $2 billion.
'Attestation' will lead to more reliable data for investors, but there are hurdles to overcome first.
Federal prosecutors also accused James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. of artificially inflating the price of two companies through manipulative trading.
It's been win some, lose some for UBS as it defends its complex options strategy, but lately investors seem to be prevailing more.
Daniel Lerner, who's executive vice president of investor services at David Lerner Associates, faces potential disciplinary action over sales of energy funds.
The Republican party is favored to win the House in November's election. But even with control of that chamber, the legislative path for GOP bills is perilous.
U.S. Attorney’s Office files a parallel criminal charge against James McDonald, who is believed to be in hiding.
Andrew Hartnett, who's deputy administrator for securities in Iowa's Insurance Division, has put assessing the broker conduct standard at the top of his priority list at NASAA.
Judge rejects Amy Cooper's suit against Franklin Resources in which she claimed racial and sexual discrimination and defamation.
But NASAA reports increase in both fines and restitution in 2021, with states collecting $145 million in fines and returning $312 million to investors.
