The original industry regulations from 1934 and 1940 were perfect — just not perfectly enforced.
Push by advisers could help tug this needed legislation out of the doldrums and on to the president's desk.
Clients accused Lee Weiss of recommending an unsuitable investment in a Polish tobacco company.
Richard William Lunn Martin improperly recommended non-traditional ETFs while warning of economic collapse, Finra said
The wealth manager overbilled for investments in REITs and BDCs
Here are some of the most critical and potentially damaging misconceptions held by compliance professionals.
Chairwoman Mary Jo White and commissioner Kara Stein laid out regulations the agency will tackle, despite missing two of its five members.
A move by the Securities and Exchange Commission to beef up oversight of investment advisers probably will not stop the agency's effort to establish third-party exams for the sector.
The former House Financial Services committee chair criticized the ruling and said it could ultimately lead other institutions to try to overturn their SIFI status.
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
Another item of interest to financial advisers, third-party exams, is also on the docket for next spring.
<i>Breakfast with Benjamin</i> The commission is specifically looking at why some clients are in advisory accounts versus brokerage accounts.
Records of thousands of clients were exposed to foreign hackers, regulator claims.
Tech vendors are getting the spotlight thanks to the new regulation and market volatility.
The plaintiffs and Labor Department are seeking summary judgment for the cases in a Dallas federal court, with a decision possible in October.
In responses to charges it misused customer cash, the wirehouse agreed to the payment and to admit wrongdoing in violations of the customer protection rule.
The firm is developing its first fee-based variable annuity, which many experts say is the future of the product line in the qualified market.
The firm hopes to make it easier for clients and advisers to understand sales charge reductions and waivers.
MetLife is the second major insurer to exit the brokerage business, in the sale of its adviser unit to MassMutual. Mergers may be on the rise due to the Labor Department's proposed fiduciary rule.
Rule advocates say it would save investors $17 billion a year. House Republicans call it 'Obamacare for financial planning.'
