Analysts are unnerved by LPL Financial's inability to close the cash register on regulatory charges after CEO Mark Casady <a href="//www.investmentnews.com/article/20141021/FREE/141029976"" target=""_blank"" rel="noopener noreferrer">said compliance failures could cost $23 million</a> in the third quarter.
Financial planning clients not getting what they pay for because of a lack of government-enforced professional standards, according to the study sponsor, the Financial Planning Coalition
It is time for the commission to get to work and craft a rule to make this policy a reality.
A Republican majority would likely boost the passage of GOP-favored bills, but not the consideration of industry concerns.
An elite private banking duo plans to take legal action accusing the wirehouse of wrongful termination last month, their attorney says.
How one brave federal regulator got the goods on the New York Fed's hands-off policy toward Goldman.
Mary Jo White credits aggressive enforcement and technology, but some question her regulatory zeal.
Under Mary Jo White, agency is more prone to launch disciplinary action to correct violations than in the past
The rule, proposed originally by Finra, will require per-share valuation of unlisted REITs or direct participation program on customer statements.
Social Security and annuities make news, LPL's regulatory headaches continue, and the rest of this week's must-read stories for advisers.
LPL Financial cuts 11 cents a share from its third-quarter earnings forecast after projecting it will need another $18 million to satisfy regulatory concerns.
This week's must-read stories for advisers include employment drama at LPL and Merrill, Bill Gross speaking out, and a renewed push for more women in advice.
Jordan Belfort, whose memoir “The Wolf of Wall Street” was turned into a film by Martin Scorsese, expects to earn more than he made as stockbroker this year, allowing him to repay the victims of his financial fraud, allowing him to repay the victims of his financial fraud.
House poised to approve continuing resolution that freezes SEC budget, while agency's chairman says funding not enough to support expanded adviser exams
Republicans reject SEC user-fee amendment to appropriations bill that would have provided additional funding for adviser exams
Citing concerns over investor protection, SEC commissioners will take up a Finra proposal that would allow arbitrators to alert Finra to broad investor threats during dispute hearings.
More cooperation, aggressiveness leading to uptick in criminal cases
Administrative action follows Federal Court order for adviser Paul Marshall and associated companies to pay fines and disgorgement of more than $15 million.
Republican indicates a preference for enhanced disclosure.
New study pegs the annual cost for industry at $310 million, but fees for individual firms would vary based on AUM.
