Exams have shown that outside compliance officers sometimes are left in the dark about firms' business practices and cannot articulate their risks.
FSI's interaction with Finra over its BrokerCheck rule making is a case in point.
Proposed rule represents a fundamentally flawed rethinking of the way that retirement advice, products and services are delivered to investors, and would have profound negative consequences for registered reps and RIAs.
Kara Stein says mutual funds and ETFs that use complex, illiquid strategies 'operate in a gray area'
FPA's 2015 president says too many advisers are silent on vital issues that affect their and their clients' livelihoods.
The regulator claims unit's former president took $670,000 in client funds for personal use
Pressure from the financial industry and lawmakers pushed Labor Secretary Thomas Perez to give more time for comments on the agency's fiduciary-duty proposal, but the extension is far short of what the groups wanted.
In rare dissent, one arbitrator says other Finra panelists were swayed by sympathy, not the law.
Joining long list of pro athletes taken to cleaners by their adviser, all-star basketball player claims was pushed into investments that led to 'substantial loss.'
<i>Breakfast with Benjamin</i>: The firm files suit against the Financial Stability Oversight Council, charging them with acting as 'judge, jury and executioner.'
With talk she'll announce her candidacy this weekend, questions arise about Ms. Clinton's take on fiduciary standards in advice, and what her tax policies and SEC budget would look like.
John Waszolek allegedly took advantage of the client's lack of capacity to be named beneficiary of her estate, Finra said.
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
SEC Chairwoman Mary Jo White jump-started a controversial move to expand the agency's coverage of registered investment advisers: farming out exams to the private sector.
Sudden volatility could create short-term buying opportunity.
But guidance on using in-house judges versus federal court falls short, lawyers say.
Gary Yin, who pleaded guilty to laundering a client's insider trading profits, must pay restitution to Merrill but avoids prison sentence.
Proposal means to counter DOL fiduciary duty with an amended suitability standard.
Critics say promoting database is worthwhile, but that it doesn't have enough information for investors.
SEC alleges the NFL vet and his partner used cash from clients to fill a $7M shortfall in investor payments
