FSI member Bradley Brown spent years lobbying the Ohio legislature for reforms in the state's rules on UTMA accounts.
The proposed rule puts new restrictions on brokers, but it is still unclear how strongly the SEC is clamping down.
Trade groups are champing at the bit to have their say in response to the SEC hearing.
Commission says a lot of work ahead, public will have 90 days to comment.
Chairman Jay Clayton will initiate momentous action Wednesday, as the commission meets to debate a rule on broker and adviser standards.
Chances of getting sued are more common now than five years ago, says one lawyer.
Steven Pagartanis, a hearing no-show, had been discharged by Lombard Securities.
Exam priorities and lawsuits are zeroing in on account switching.
Finra also suspends Mina Mishrikey for three months
Ponzi-scheme operator Daniel Glick agreed to help recover investor assets from Israel.
Lawsuit also names Financial Engines and Alight, both providers of financial advice to the plan.
Firm had filed a lawsuit against Ryan C. May, alleging he was soliciting old clients in violation of his employment agreement.
Regulator to meet April 18 to consider three-part plan that includes disclosure document, broker standard, adviser-standard interpretation.
Firm is moving to fees based on the amount of each customer's assets.
Investor advocates and industry representatives are both hopeful and concerned after studying overview of proposal slated for release on April 18.
The scheme involved soliciting the clients of another barred adviser.
Ms. Havlik will oversee Finra's surveillance and examination programs.
Domingo Gonzalez deposited client check into his bank account and spent it.
It could become a flash point that goes beyond semantics.
William Brunner had resigned from Investment Planners Inc. last May.
