Kenneth Corbin

Only a firm “actively swindling funds” would trigger an onsite visit, according to Peter Driscoll.

Stipulated agreements by BDs and advisors looking to fast-track the arbitration process are becoming increasingly common.

Regulatory relief applies to advisors and investment funds but the commission stresses that fiduciary obligations still apply.

Senior officials are growing wary of how firms are trying to recoup revenue amid the "race to zero" commissions.

Guidance on new advice rules coming this month as OCIE and enforcement divisions struggle to expand oversight with limited resources.

"If rules are too broad or vague, we may end up circumscribing conduct that we never intended to capture,” Commissioner Allison Herren Lee said.

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.

The settlement would apply to advisors who participated in the firm’s deferred-compensation plan from February 2011 through January 2020.

An arbitration panel rejected efforts to impose a permanent injunction against a broker who left for Raymond James.

Trade groups warn that a proposal could end commissions in the state and play into a "fractured" regulatory environment nationwide.

He used client funds money to pay for massages, jewelry and to shore up his wife's failing pet store.

SEC-mandated disclosures for dual registrants could put clients off brokerage options, some suggest.

"I don't mean to ruin your holidays, but ... " Regulators and industry insiders caution against delaying compliance efforts as the June deadline approaches.

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

Judge temporarily barred the advisor from soliciting former clients ahead of a FINRA arbitration hearing.