Florida portfolio manager's advertisements were not compliant, judge says.
In today's <i>Breakfast with Benjamin</i>, Finra and the SEC's mixed messaging over how much badly-behaved brokers need to disclose stirs up new discussion, plus more on Millennials, Obamacare and the Ukrainian conflict.
Firms focus on pushing brokers toward holistic advice and a different product set, but adoption has been slow.
<i>Friday's menu:</i> Jobs report looks past winter blues; investing in weed for a pot of gold; GM execs get PR all wrong; five funds set to bounce: jumping on the HFT bandwagon, and when the rich don't feel rich
The Securities and Exchange Commission is poised to name a former executive of Wall Street's self-regulator as its top overseer of exchanges, brokerages and clearing firms, according to three people familiar with the matter.
Alternatives to charging a percentage of AUM might broaden market for financial advice, group suggests.
Firm had out-of-date procedures and delayed handing over email records to examiners, Connecticut securities regulators said.
Primary risk for wealth managers is when a hacker poses as a client and manipulates accounts.
A pension fund has sued JPMorgan Chase & Co. and CEO James Dimon, accusing the bank of creating “a culture of lawlessness” that led to billions of dollars in settlements tied to mortgage-backed securities and Bernard Madoff's Ponzi scheme.
Appeals court reinstates arbitration panel's ruling that had been vacated by lower court.
Eric Cantor's demise will increase partisan tension in Washington; for investment advisers, whose issues are usually ignored by lawmakers who don't understand their industry, it makes pushing their agenda even more difficult.
'Near ubiquitous' social-media use drives growth in a nascent market, research firm reports
The guidance would give the five-member commission a foundation for determining whether to advance a proposal to raise investment-advice standards for brokers.
Firm signs on to broker protocol as it moves to make sure its name is more prominent in the eyes of top advisers.
NASAA's Rick A. Fleming says he's the man for the job, to flag retail investor concerns.
As Finra looks to make BrokerCheck more visible, youthful indiscretions come back to haunt some advisers.
Regulator says $5 million of investor money lost in tenancy-in-common deals, $9 million siphoned off by principals
Plus: Deutsche Bank shows its hand with World Cup bets, Wall Street fines are a cash cow for the Treasury Dept., navigating Social Security before you retire, and eating at home gets pricey in a hurry.
In a new comment letter, the industry group contends that the rule would create undue regulatory costs.
Finra has withdrawn its controversial proposal that would have required brokers to tell clients about recruitment incentives. The move took industry watchers by surprise; some expect the regulator to float a new proposal.
