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Key Senate Democrat raises concerns about SEC advice reform proposal
During hearing, several bills affecting advisers and brokers receive initial Senate consideration.
Wells Fargo sees ‘possible’ legal losses rising by $500 million
Bank ups its estimate of how much it might have to spend to resolve investigations and claims related to its scandals.
SEC Regulation Best Interest allows harmful broker practices, state regulators say
NASAA asserts industry support of proposal proves it needs to be beefed up.
Now, not later: RIA custody confusion must be acknowledged by the SEC
Recent guidance still leaves many advisers scratching their heads
SEC settles fraud case with jailed former Morgan Stanley adviser
James Polese has already paid $355,000 in restitution as a result of his criminal case.
Is Reg BI headed for the courts?
Investment advisers might assert unfair competition if 'best interest' and 'fiduciary' terminology merge while standards differ.
Insurance groups tell NAIC to put 'best interest’ back into annuity suitability rule draft
Investor advocate calls insurance proposal weaker than existing broker suitability standard
NAPFA launches campaign to distinguish fiduciary from ‘best interest’
CEO Geoffrey Brown: 'The SEC's proposal is misleading and confusing for consumers.'
SEC’s Reg BI strengthens investor protections
Enhanced level of accountability is necessary to weed-out bad actors that tarnish industry and harm investor confidence.
SEC commissioner Peirce wants to move ahead on advice reform quickly
Her position indicates Regulation Best Interest and the larger rule could become final sooner rather than later, but potential litigation looms.
SEC advice rule proposal assailed by former agency economists
Letter cites proposal's 'weak and incomplete' economic analysis.
Custody status continues to perplex RIAs
A decade after the custody rule was updated, custody status remains a riddle.
'Selling away’ doesn’t mean the B-D is not ultimately responsible
Quest Capital was held responsible for non-client losses.
JPMorgan to pay more than $135 million for improper handling of ADRs
This is the eighth action against a bank or broker, and fourth action against a depositary bank, resulting from the SEC's ongoing investigation into abusive ADR pre-release practices.
Finra makes it harder for brokers to expunge tainted records
Latest rule tells arbitrators that expungement should be a 'rare remedy.'
Robinhood’s halted foray into banking prompts lawmaker scrutiny
Bipartisan group of Senate Banking Committee members asks the SEC and FDIC to review the firm's offering.
Time runs out on bills to ease small broker audits, highlight regulatory impact on small advisers
Advocates for the measures vow to fight again next year, tout bipartisan support in Congress
SEC exams to focus on investor fees, adviser conflicts of interest in 2019
Agency intends to emphasize protection of Main Street investors.
SEC slaps Ancora Advisers with $100,000 fine for pay-to-play violations
Ancora Advisors made political contributions and then provided adviser services to public agencies.
SEC’s latest on fiduciary: Advisers can customize individual client agreements
Disclosure and informed consent can limit services, allow third-party pay.
