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Finra slaps RBC with $1 million in penalties over bond sales
The regulator says the firm failed to review more than 100 accounts for junk-bond concentrations.
Brokerages, alts advocates dispute state regulators’ Reg BI assessment
NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.
Coastal Equities to pay back $280,000 for unsuitable trades
The firm failed to flag excessive trading in four client accounts, according to Finra
Judges skeptical Congress mandated a uniform fiduciary standard rather than Reg BI
Plaintiffs in the lawsuit argue the SEC exceeded authority by giving brokers too much latitude on advice
Finra clarifies sales contest restrictions for proposal to align suitability, Reg BI
Competition is okay if it involves general categories of investments rather than specific products
