Kenneth Corbin

She'll now be responsible for supervisory operations at one of the largest firms she once helped regulate.

The revised code of conduct will broaden fiduciary responsibilities for planners, but critics say the framework falls short on disclosures and conflicts.

Compliance experts stress the importance of working out a game plan for how to handle an exam before the feds come knocking.

The trade group cautions that the SEC could outsource advisor oversight due to low examination rates.

After a federal appeals court strikes down the fiduciary rule, a legal path forward seems uncertain, but the regulation has already made its mark.

Industry insiders see the agency proceeding with its rule to harmonize standards for brokers and advisors.

The agency is using alternatives to enforcement actions such as targeted exams, deficiency letters and a self-reporting initiative.

Some are calling for the CFP Board to get tough on conflicts and compensation as it finishes revisions to its standards of conduct.

Massachusetts is probing whether the firm's wealth management unit steered clients toward inappropriate investments and high-cost accounts.

The commission is visiting far more advisors than just two years ago.

Citing mounting investor losses from unpaid arbitration awards, investor advocates see a role for Congress to force FINRA's hand.

Rival firms like Ameriprise could stand to gain as advisors adapt to new recruiting realities.

Commission officials put the industry on notice about self-reporting: financial advisors must comply or face harsh punishments.

The wirehouse is charting a litigious course since breaking with the Broker Protocol, and some observers think the scorched-earth campaign could harm its reputation.

"I think it's something that the market needs. I think it's something that regulators need," Jay Clayton says.

The test will also be modified to account for the new tax law while aiming to plug leaks in the pipeline from college to CFP certification.

Finance professor Tom Warschauer calls on the academic research community to improve communication and further understanding of clients' behavior.

Planners must make accurate disclosures about their service models, says the regulator.

Come forward now or face penalties later, the regulator is warning advisors who failed to disclose conflicts of interest around high-cost mutual fund share classes.

"Simply put, the plaintiff here is looking to be paid the same money twice," a spokeswoman for the Swiss firm says.