Michael J. O'Connor refused to testify in a Finra disciplinary hearing about his termination.
Republican Hester Peirce and Democrat Robert Jackson seek to fill two vacancies on the commission.
The plaintiff claims Voya potentially earns more than $1 billion per year in "excessive compensation" from its nearly 50,000 record-keeping clients.
Firm fined $750,000 for alleged misrepresentations to issuers in bond redemptions.
The case is the latest setback for Mr. Holt, a former attorney who has been disbarred, thrown out of the securities industry and is currently serving a 10-year prison term.
The brokerage suitability model is rife with conflicts of interest, but the RIA model is not pure.
Parts of the rule not subject to a contract requirement don't offer investors an avenue to recover losses if they receive bad advice.
Rep. Brad Sherman said he'd introduce legislation if he had to in order to get Finra to comply.
The monetary agreement follows a court ruling last month.
We must ensure that regulators and the public hear detailed, quantitative information.
Is Ms. Bennett's alleged scheme a harbinger of other such frauds?
A technology audit can help ensure your firm is taking the necessary steps to meet new and changing compliance requirements.
Robert Cook points to the regulator's in-house operational review, Finra 360, and says it will likely yield 'transformational change.'
A fiduciary rule repeal isn't as important as other legislative issues, such as the debt ceiling and tax reform, according to Rep. Phil Roe.
Scott Newsholme allegedly stole $1 million, using funds for personal expenses, a gambling habit and to pay back early investors.
Financial Services subcommittee will explore self-regulator's agenda, structure and in-house operational review.
Regulators say Ponzi scheme claimed access to shows including Adele, Justin Bieber and 'Hamilton.'
She is also expected to set the agenda for ETFs, an area in which she has expertise from her previous time at the SEC.
She cites financial company leaders who have said they are prepared to comply with rule as is.
