The firm was fined $200,000 for failing to supervise the rep, whose grandmother was 88 and widowed when she opened her account in 2014.
State regulators grant more time for input after getting pushback from groups representing the alternatives sector.
The regulator censured the firm for publishing research reports that included inaccurate historical stock ratings.
A major modification to the proposal would allow state regulators to participate in arbitration hearings that determine whether to clear a broker's record of a customer dispute.
The Georgia Court of Appeals ruled 3-to-0 that an earlier decision had not provided a proper basis for vacating the arbitration award Wells Fargo won in 2019.
The state attorney general is looking at whether the company or its Sustainalytics unit violated a consumer protection law or another law that prevents the state from entering into contracts with companies that boycott goods or services from Israel.
Among the suggestions for mitigating conflicts are to avoid compensation incentives for selling certain products and to minimize incentives for favoring one type of product or account over another.
The new proposal would give the derivatives regulator direct oversight of tokens that qualify as 'digital commodities.'
The initiative effectively extends the online supervision of branch and non-branch operations that Finra allowed during the pandemic.
The SEC's proposed cybersecurity rule is an example of a one-size-fits-all regulation that would significantly affect smaller firms.
Investment advisers would have to establish anti-money laundering programs under a provision tucked into the bowels of the National Defense Authorization Act. It's another example of the breakdown of regular order on Capitol Hill.
The firm was charged with inadequately supervising its representatives, who made unsuitable recommendations of structured products.
B. Riley Financial had purchased a large stake in National Securities Corp.'s parent in 2018 and bought the remaining shares last year.
Rep. James Comer is calling on Edward Prewitt, who advised Hunter Biden, to provide information related to deals that triggered suspicious activity reports.
The tax deal in the Senate would eliminate the tax break used by private equity and hedge fund managers.
At a hearing Thursday on scams and risks in the crypto and securities markets, senators on both sides of the aisle pitched legislation to protect investors from harm.
Each of the firms failed to comply with the agency's rule on identify theft red flags.
The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.
The firm is facing a probe into whether it improperly let Americans trade digital assets that should have been registered as securities.
The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the Securities and Exchange Commission and others.
