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.