Law and regulation

Documents shed light on how two brokers overseeing trainees allegedly called hundreds of phone numbers on Merrill’s Do Not Call list.

The senior executives, all from the company’s consumer banking unit, agreed to pay six-figure fines in connection with the 2016 unauthorized account scandal.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

The department faced scathing criticism for hours from insurers and consumer advocates alike.

The department’s new proposal would restrict when fiduciaries can vote in retirement plans.

Previously, criteria focused on an investor’s wealth. Now, a broader group has access to investments that include private company offerings and certain private equity funds.

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.

Secretary of Labor Eugene Scalia said retirement plans aren’t for “furthering social goals or policy objectives that are not in the financial interest of the plan.”

The changes being sought would benefit both small businesses and banks, which would avoid the cost of servicing many low-yielding loans.

The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.

Jay Clayton talked up the commission's latest enforcement efforts and defended Reg BI before skeptical lawmakers.

Prosecutors said Robert Shapiro used investor money for his $6.7 million home and $3.1 million for chartering planes and for personal travel.

Robert Cook’s pay far outshines that of other SRO chiefs.

It's the first regulatory ding for the influential advisor and entrepreneur in almost 15 years.

A niece thought her aunt’s caretaker was stealing. How much can an advisor do?

The regulator says it will keep an eye on issues like cybersecurity and cryptocurrencies.

Advisors from across 79 branches were involved in selling offerings to family members and other brokers, including stock in Facebook, General Motors, LinkedIn and Twitter.

New York legislators are set to reconsider a previously stalled fiduciary bill.

Not all firms have procedures in place. Of those that do, about 20% aren’t enforcing them.