Sales of high-commission notes and private placements were at issue.
Collective investment trusts also have the potential to fuel a new wave of lawsuits against advisers.
Under the proposal, investment advisers would have to establish written policies to safeguard client data.
High-ranking, bipartisan members of the House Financial Services Committee back the legislation
Plaintiff's lawyer says junk bonds, futures contracts and derivatives were inappropriate for his clients.
Small-brokerage executive expresses concern over lack of specifics about what is 'best,' given an inability to make perfect investment choices for every client.
The regulator sees patterns in the behavior and disclosures of high-risk brokers.
Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards.
Measure would allow companies to make contributions to retirement plans for employees paying down college debt.
Regulator launches multiyear program it hopes will make compliance programs more efficient.
Crackdown will help, but creating restricted accounts alone will not solve the problem of unpaid arbitration awards.
One consultant suggests spending 5% of revenue to fully address compliance needs.
Despite SEC commissioner Peirce's comments last week, absent real mitigation, the rule is toothless.
The issue has been a problem for Finra — and investors — for a long time.
Stephen Walsh of WG Trading is ordered released from prison after arguing that his lawyers were ineffective.
Social media posts can have hidden agendas, regulators said
Claimants alleged custodian aided and abetted Ponzi scheme.
Class-action suit alleged the firm mismanaged its own retirement plan and profited at the expense of employees.
And SEC chairman Jay Clayton tells senators his agency aims to preserve adviser, broker competition while bringing standards closer.
The two advisers left Credit Suisse after the company announced it was closing its U.S. brokerage operation.
