Securities regulators' actions against Morgan Keegan & Co. put its brokers in the same basic category as investors: duped.
In Washington, almost anything will fly if you can make an argument it will benefit the middle class. It worked in the fight against requiring advisors to act in clients' best interests.
The CFP Board of Standards Inc. this week added two members to its Disciplinary and Ethics Commission, filling out the nine-person body that doles out penalties for misconduct violations.
A proposal to hire an investors' advocate at the Securities and Exchange Commission begs the question: What is the SEC advocating now, if not the interests of investors?
The most vocal opposition to the push to make financial advisors more responsible to clients hasn't come from Wall Street firms or giant banks, but insurance companies.
The securities industry should begin to prepare for a fiduciary standard even if lawmakers have put off any such move in the short term, the CEO of FINRA said this week.
The Financial Industry Regulatory Authority's head of enforcement, Susan Merrill, is leaving her job, according to published reports.
The Financial Industry Regulatory Authority's head of enforcement, Susan Merrill, is leaving her job, according to published reports.
The Senate's financial services reform bill included the deletion of a provision that would have applied the fiduciary standard of care to the broker-dealer world.
A key consideration in the review-and rare reversal-of longstanding sanctions against two brokers involved this question: Can one family member adequately supervise another?
First Allied Securities Inc. has agreed to pay $1.95 million to settle charges that it failed to supervise a broker who allegedly engaged in fraudulent trading.
Weighing the risks and rewards of voluntarily reporting compliance lapses to the Securities and Exchange Commission is a tricky issue for investment advisors.
A new Massachusetts law aimed at protecting personal information could ultimately require financial advisors to boost their security measures to protect client data.
Changes to the SEC's rules about custody of client assets go into effect in two weeks, and advisors say they are still trying to figure out how to comply with them.
Morgan Stanley's suit against employees who left to join HighTower Advisors and its regulatory complaint against the firm are being called a power play to make brokers think twice about leaving.
A government move to make U.S. single-family offices register as investment advisors shows how the interests of the super-wealthy are cast aside when they run up against populist measures.
A former Merrill Lynch financial advisor could face a seven-year prison term after pleading guilty to stealing nearly $700,000 from his clients and spending the money himself.
A Financial Industry Regulatory Authority proposal to significantly expand public information about brokers will fill gaps that remained after earlier changes, say investor advocates.
State are eying plans to examine thousands of additional advisors. Can they afford it?
Advisors who trade clients' securities through omnibus accounts need to ask their qualified custodians a few questions before new SEC custody rules take effect in March.