Displaying 1932 results
SEC promises revised advertising rule soon
Investment Management director Dalia Blass says current rule disconnected from way world works.
Mortgage industry seeks to revive most hated loan in America
Replacing actors such as Tom Selleck in TV ads, academics with interests in the industy are putting a positive spin on reverse mortgages.
Finra set to propose new rules targeting rogue brokerages
Board says the measures will be published for comment 'soon.'
Congress takes on 529s, targets student debt
Enhancement of savings vehicles a priority in Washington, but some states aren't on board.
529 plan costs: Advisers, broker-dealers brace for Finra crackdown
The regulator is on the warpath against unsuitable share class recommendations. How will the industry respond?
Finra extends deadline for brokerages to self-report costly 529 plans
In FAQs, regulator says firms should review sales supervision procedures, not every transaction.
SEC wins churning case against ‘cockroaching’ broker
Barred broker worked at 10 different firms in his 13-year career
Bills would end mandatory arbitration in adviser, broker contracts
Legislation faces uphill battle in Congress, but the issue may become popular on the presidential campaign trail.
Finra disciplinary actions packed $107,000 average punch in 2018
Although it brought 638 disciplinary actions last year compared with 1,007 in 2017, the Financial Industry Regulatory Authority…
Key Senate Democrat raises concerns about SEC advice reform proposal
During hearing, several bills affecting advisers and brokers receive initial Senate consideration.
Chicago-area ‘adviser’ convicted in $10 million swindle
Shawn Baldwin found guilty on seven counts of wire fraud.
Finra expungement: More limitations on the way
A Finra proposal would upend the existing landscape for removing customer complaints from advisers' records
Again, SIFMA spent most money in financial services industry lobbying lawmakers
The trade association representing major brokerage firms spent $6.6 million in 2018.
Ex-broker stole $100,000 from client, Galvin says
The broker, Bruce Worthington, allegedly took nearly $100,000 from client's account over 13 years.
Finra catches Kestra Financial overcharging customers
IBD agrees to repay customers $1.9 million in addition to a $225,000 fine
Ron Carson’s firm sued by former client for $500,000
Arbitration claim accuses well-known adviser of actions that resulted in excessive fees.
Finra bars ex-MML broker who sold $3.5 million of Woodbridge Ponzi
Floyd Powell received $104,000 in commissions from the transactions.
Finra bars former Morgan Stanley rep who hid client gift
Martin Kirschner fails to take part in hearing looking into case.
Finra bars former Merrill Lynch rep over falsified daycare expenses
Elizabeth Garcia was reimbursed for $9,015 she hadn't spent.
Finra bars rep for scamming Fidelity on computer purchases
Kitwana Thomas took advantage of employee-reimbursement program.
