Andrew Welsch

Santander is the latest firm to get hit with regulatory penalties related to the sale of Puerto Rican municipal bonds and close-end funds.

An ex-wirehouse advisor sought damages for libel and other misconduct against Merrill.

Credit Suisse's losses include a three-member team that generated $7.2 million in annual revenue, which joined UBS.

Morgan Stanley's move to push more cases to an arbitration system of its choosing tilts the playing field against advisors and curtails their rights, opponents say.

A retired couple alleges their advisor lost millions through negligence and misrepresentation of certain securities, but the firm says that the clients were sophisticated self-directed investors.

The team made the move in part to be able to grow in new directions, says senior financial advisor Tommy Boyd.

With one-third of advisors expected to leave the industry in the next ten years, young advisors see an opportunity to pick up another book of business. But at what price?

The now-independent advisor sought damages against his former employer for wrongful termination and defamation, and also asked his record to be expunged.

The team left the wirehouse to form their own independent firm, representing one of the largest groups that Dynasty has helped go independent.

Only about one-third of CFPs say their clients are even somewhat knowledgeable about claiming Social Security benefits, according to a new join study from the FPA and AARP.