Margarida Correia

FINRA scolded the firms for alleged operational systems, supervisory and recordkeeping deficiencies.

The rep was barred for engaging in money laundering and helping a childhood friend and business associate deceive creditors.

Rogers described any potential impact of the new rule as marginal and noted that it might also offer opportunity.

The weak performance was due to challenging market conditions, which reduced assets under management and client activity, the bank's CFO said.

The advisor was banished for refusing to cooperate with a FINRA investigation into wire activity in the advisor's bank account.

The decline was primarily due to the sale of the bank's propriety mutual fund business in the fourth quarter of 2015.

The broker was reprimanded for lying on a customer's behalf.

The rep refused to cooperate with a FINRA investigation into allegations that he stole money from retail bank customers.

The program allows retiring advisors and their junior brokers to work out their own financial arrangements during the first two years of the five-year program.

The rep opened and funded an account with an IRS tax-refund check that was later connected to a fraudulent filing.

CUSO and Infinex plan to not only lower minimums and adjust pricing on advisory accounts but also partner with digital advice providers in a bid to serve a wide range of customers.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

Advisors should address disruptors, rather than ignoring them and risk turning into "disruptees," says Jack Brennan.

Fee business took hits from both the market and digital advice providers that caused banks to lower fees.

Only time will tell if institutions that have been proactive fare best.

Clients upset they won't be able to file and suspend? Not to fret, there are other claiming strategies that may be even more effective.

Banks are likely to accelerate the shedding of their in-house mutual fund businesses in light of the proposed rule.

The advisor was a compulsive gambler who continued to bet in an attempt to make his clients whole, says attorney.

Industry observers hail the combination, noting that Infinex focuses on small banks while Essex deals with larger institutions.

The rep was reprimanded for allegedly failing to disclose her business involvement with a kitchen-cabinet installation company in Florida.