Dan is a business journalist who previously worked for various local newspapers and industry publications. He also worked for two years in Beijing as an editor at China Daily. A graduate of the University of Missouri-Columbia, he has written about banking, local governments and the legal profession, among other subjects. He now covers how politics, policy and regulation affect the financial planning industry.
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A staff member in the firm's fraud investigations group found reporting failures dating back to 2009.
July 12 -
State regulators accused the wealth management giant of charging customers commissions of $75 or more for small equities transactions.
July 11 -
Jeff Jones sees allowing donations to 501(c)3 groups as a way to accommodate advisors coming into the industry from the insurance world.
July 11 -
In an 'infinitely rare' move, one member of FINRA's arbitration panel wrote a lengthy dissent noting the ex-employee's extensive training in anti-money laundering measures.
July 10 -
The latest proposed changes tweak criteria that would disqualify firms from having 'residential supervisory locations.'
July 6 -
The regulator's court victory wraps up years of litigation against a financial planner accused of defrauding at least nine clients of more than $1 million.
July 5 -
The plaintiffs plan to argue the current system deprives them of their right to a jury trial in cases involving securities allegations.
July 3 -
The broker-dealer self-regulator said the shortfall is partly the result of increased spending on staff coupled with a decline in the value of its investment portfolio.
June 30 -
The principals at Legend Venture Partners stand accused of making millions by offering shares in pre-IPO companies without disclosing markups to investors.
June 29 -
Among the respondents who work with financial planners, about 7 out of 10 said they have high hopes for 2023. For those without planners, the figure fell to 42%.
June 28 -
The panel's recommendation would also seek comments on the possibility of outsourcing some review functions to third-party firms.
June 27 -
Even with the overall decline in people seeking financial advice, the number of investors wanting help specifically with asset management is on the rise.
June 26 -
The Investment Adviser Association contends federal regulators have not taken into account the likely onerous cumulative effects of their proposals on cybersecurity, outsourcing and data security.
June 22 -
The SEC accused the famed investment management firm of providing a faulty formula to a subadministrator responsible for calculating its fee waivers.
June 21 -
INVEST 2023 panelists and the latest SEC risk alert suggest the regulator will treat the rule much like one that has cost big Wall Street firms more than $2 billion in fines.
June 20 -
A top FINRA enforcement official warns that firms' internal compliance systems are not clued in to the often ambiguous meanings of the symbols now peppering many financial planners' communications.
June 15 -
The Senior Citizens League worries the increase won't be enough to keep up with rising prices for housing and healthcare.
June 14 -
Financial advisors say they can help combat the flow of misguided and misleading recommendations by posting more frequently and establishing more of a social media presence.
June 13 -
The former relationship manager has pleaded not guilty to allegations he blew money from client accounts on bad stock bets.
June 9 -
The former advisor faces as many as 10 years in prison for stealing roughly $1.7 million from relatives' brokerage accounts to pay for trips, cruises and other personal expenses.
June 8
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