Douglas Simanksi told clients he would invest their money in a 'tax free' fixed-rate investment, SEC charges.
Changes are designed to help investors understand how the B-D routes their order and how that affects execution quality.
State actions against advisers outpaced those against brokers.
Agency reports 108 stand-alone enforcement actions involving investment advisers and companies, up 31.7%.
Research shows false accusations of broker misconduct are disturbingly common, which suggests Finra needs to make a change.
Sonya Camarco pleaded guilty to forging checks, depositing clients funds into her personal accounts.
Firm will repay $447,000 to clients it overcharged for more than seven years.
Robert Shapiro is settling claims he defrauded investors in a $1.2 billion real estate Ponzi.
A cost-of-living adjustment also raises IRA contribution limit to $6,000.
The Investor Advisory Committee will vote Nov. 7 on suggesting the agency clarify, expand broker requirements.
Agency wants to improve investor knowledge, but consumer advocate says seven-page example included in proposal has similar weaknesses to Form CRS
The broker, Dennis Ferwerda, failed to cooperate in Finra's investigation.
The former partners provide a blueprint for what can go wrong in a business relationship.
Schwab official agrees chairman Clayton wants to finish reform package soon, but says top regulator will face challenge finding three votes to pass it.
Proposal would bar leveraged products from describing themselves as exchange-traded funds
Fired by Morgan Stanley in 2016, Bruce Plyer failed to give testimony in a Finra investigation.
But consumer advocate says proposal doesn't elevate standard beyond current suitability.
Move occurs amid regulatory investigations into the bank's sales practices.
Dawn Bennett just the latest in a growing list of malfeasance by advisers and others.
Growth of independent sector translates into more enforcement actions.
