Margarida Correia

Customers who were eligible for Class A shares in certain mutual funds without a front-end sales charge were either not given the sales charge waiver or sold more expensive Class B or C shares, FINRA claimed.

Firms will be permitted to place a temporary hold on disbursements of funds when there is reasonable belief of financial exploitation.

The regulator suspended the rep for two months and fined him $5,000 for keeping the firm in the dark about his dry-cleaning business.

Tim Killgoar, the director of strategy and consulting, will succeed John Houston.

The bank's retail brokerage operation employs 12 advisers and has approximately $780 million in advisory and brokerage assets.

The firm's latest "industry checkup" reports declines in revenue, adviser productivity and adviser headcount.

Here’s a roundup of the best quotes and most intriguing ideas we heard at the annual convention.

The rep initially alleged his wallet had been stolen and someone forged his signature. He later claimed he must have been drugged.

The broker allegedly sold $285,250 worth of shares to four investors.

The firm was also ordered to pay $62,807 in restitution to affected customers, plus interest.

For many people, insuring for the basics of home health care "might be enough to keep the wolves from the door," says a Nationwide executive.

Once the fiduciary rule was explained to customers, many became concerned about previous financial advice, with 29% considering switching to a new institution.

The investment services unit of one regional bank is working with 10 of its top producers to whittle their books of business.

The firm has already standardized its variable annuities and alternative investments and is working toward doing the same for mutual funds as well as indexed and fixed annuities.

The former Wells Fargo executive will command a team of 10 local private bankers in the Hudson Valley and metro New York market.

First Midwest Bank's acquisition of $550M Chicago-based RIA is the latest in a string of deals that banks are cutting with advisory firms to expand their wealth management businesses.

The increase was due to the rise in the size and number of "supersized" fines of $1 million or more; meanwhile, restitution fell 71% from the previous year.

The appointment follows a management realignment that occurred in the wake of Huntington's acquisition of FirstMerit last August.

The bank plans to acquire a Cincinnati insurance agency as part of an initiative to increase fee income and boost insurance services.

The bank's current leader of Consumer Banking and Private Wealth Management will move to a new role spearheading initiatives to evaluate further fintech alliances.