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All clients deserve advice that is in their best interest
Providing investment advice as a fiduciary goes beyond disclosure of conflicts of interest.
Creative Planning fined for failure to monitor radio ads and its president’s personal accounts
SEC issues cease-and-desist order; Kansas-based RIA and Peter A. Mallouk required to pay civil penalties.
What’s next for the SEC advice rule?
With calls for significant revisions by commissioners and investor advocates, it's hard to predict when the reform package might cross the finish line.
SEC advice rule contains a huge hole
Jay Clayton aims to clear up investor confusion by drawing a distinction between brokers and advisers in the agency's proposed package of revised standards. But where do dual registrants fit?
SEC penalizes RIA more than $2 million for 12b-1 violations
Pennsylvania advisory firm invested client funds in expensive share classes when less costly ones were available.
RIA charged for not disclosing commissions earned from selling risky tech stock
Tamara Steele and her firm didn't disclose the $2.5 million in commissions she earned for selling shares of a company that was later charged with fraud, SEC claims.
Democrats urge SEC to strengthen broker standard in advice rule
In letter to SEC chairman Jay Clayton, lawmakers say agency's proposal is weaker than standard Congress laid out in Dodd-Frank.
Hurricane Florence will test limits of adviser contingency plans
Cloud-based data storage, virtual offices protect client accounts even as the storm threatens to devastate physical property
SEC charges New Jersey-based broker in ‘cherry-picking’ scheme
Michael A. Bressman gained $700,000 from placing winning trades into his own personal accounts, the government charges.
Galvin investigating 63 broker-dealers selling private placements from GPB Capital
The firm sells illiquid, high-risk and high-commission alternative investments.
Disclosures in SEC advice rule confuse, mislead investors, advocacy groups say
Testing by Financial Planning Coalition, Consumer Federation of America and AARP uncovers problems.
BB&T fined $100,000 for failing to disclose wrap-fee conflicts
SEC says bank customers were directed to affiliated programs.
Cadaret Grant punished for failure to supervise brokers selling complex products
Disgorgement and penalties in SEC case total $938,194; Finra imposes $800,000 fine.
Shorthanded SEC may have to decide investment advice proposal on its own
Path to three votes for final rule may not go through Democrats
SEC charges two brokers for churning that lost clients $3.6 million
The brokers worked for the same broker-dealer, which has since been expelled from the industry, at the time of their respective alleged frauds.
Former HDVest brokers barred for not cooperating in Woodbridge investigation
Last year, the SEC charged the Woodbridge Group of Companies with running a $1.2 billion Ponzi scheme that targeted 8,400 investors.
Legislation affecting advisers may fall victim to tight Capitol Hill calendar
Clock, partisan divisions could stymie adviser regulation reform, HSA contribution limit increase
SEC-registered advisers continue riding the fee-based wave
Report provides a glimpse of the RIA universe under the SEC's new disclosure rules
Elad Roisman confirmed by Senate for SEC seat
Republican replaces Michael Piwowar, puts panel at full strength for now
Massachusetts Financial Services fined $1.9 million by SEC for false advertisement
The firm advertised the superiority of a hypothetical portfolio that used back-tested quantitative research.
