Displaying 3266 results
Reg BI suits promise long legal fight over whether SEC did enough to protect investors
Did the SEC ignore congressional intent, or was it on solid ground creating a new broker standard?
Raymond James to pay $15 million over improper charges to clients
Firm charged advisory fees on inactive accounts and excess commissions for UITs.
SEC charges RIA with fiduciary failures
Separate fee structures for unit investment trusts at the center of the charges against McDermott Investment Advisors
SEC continues to see problems with advisers selecting too-expensive share classes
More than 18 months after the launch of its crackdown, agency exams show message isn't getting through.
Once again, GPB delays release of audited financial statements
After raising $1.8 billion, GPB fails to deliver information to investors.
State regulators are skeptical about expanding private offerings to ordinary investors
The SEC's investor advocate also raises questions about the agency's concept release.
New NASAA president pursues fiduciary rule in New Jersey
Gerold says decision on a model rule is up to NASAA's membership
The SEC botched title reform. New York got it right
The SEC backed off a promising provision in its proposed rule, while New York takes on use of misleading titles in no uncertain terms.
SEC sued by seven states to kill Reg BI investment-advice rule
Plaintiffs claim that the SEC's rule would undermine consumer protections and that the agency exceeded its authority in promulgating the rule.
XY Planning Network sues SEC over Reg BI
Coalition of fee-only planners wants the rule amended so RIAs aren't undercut by brokers held to lower standard of care.
A new litigation saga begins for another ‘best interest’ rule
The states' lawsuit challenging the SEC's Reg BI suggests legislators need to provide clearer guidance to regulators.
The threat posed by state fiduciary rules
A state-by-state approach to fiduciary standards would create a confusing and counterproductive regulatory patchwork that would impede advisers' ability to provide guidance.
Virginia poised to ban mandatory arbitration clauses for state-registered advisers
State regulator said limitation is 'contrary to fiduciary duty.'
Finra will defer to SEC on interpreting best interest rule
Finra CEO Cook: 'It's not our rule. It's an SEC rule.'
SEC warns advisers to get client consent before trading from own accounts
Compliance experts say violators may not realize they're out of bounds
Former Morgan Stanley, Wells Fargo rep pleads guilty to adviser fraud
Elias Hafen stole 'hundreds of thousands of dollars' from clients.
Barred California adviser to pay $181,000 over investment fund conflicts
Mitchell Friedman failed to disclose how he profited from funding arrangements.
SEC censures, penalizes Utah hybrid $150,000 for improper alts sales
Lefavi Wealth Management acknowledges receiving 7% commissions on top of fees.
Investors put more stock in investment professionals wearing ‘adviser’ label
New study shows 'adviser' is ranked closer to 'doctor' and 'lawyer,' while 'stockbroker' is grouped with 'car salesperson.'
SEC’s proposal on private placements isn’t backed by data
Calls for reform presume there is a hue and cry among investors for access to such investments.
