Financial regulations

The framework targets so-called plain vanilla funds, yet leaves in place a more laborious path for firms wishing to list complex products.

Six fiduciary groups call on advisors press SEC to clarify the differences between advisory and brokerage business models.

Former San Diego Chargers guard Kris Dielman says the independent broker dealer failed to supervise his former advisor.

Issuers want the regulator to go further and make it easier for managers to choose the securities they add or subtract when they issue and redeem shares.

The firm agreed to settle and admitted wrongdoing, according to the regulator.

Disparate voices in the fiduciary debate agree that Form CRS might be too dense and complex to achieve meaningful disclosure.

The advisor told the client that she could pre-pay her advisory account fees at a discount by writing him a $7,400 check, FINRA claimed.

Keeping brokers and advisors on a separate regulatory track could preserve the “competitive advantage” that RIAs enjoy, says Schwab exec.

Critics say the SEC isn’t living up to promises made when Jay Clayton became chairman.

The holdings demonstrate “resiliency over several credit cycles, with low realized principal losses and robust returns for CLO equity,” managers say.

The quant crowd is justifiably concerned by the lack of objective statistics available.

While such an act may seem like career suicide, it can in fact be a move to do just the opposite, according to attorneys.

The firm has spent the last two years working to overcome various scandals.

The reps join a slew of others who chose not to cooperate with FINRA investigations — at least 21 since 2017 — and therefore agreed to an automatic ban.

Investment advisors and broker dealers have different “relationship models” with clients, the chairman says.

What should advisors expect from the upcoming regulation?

The brokerage sector and investor advocates are gearing up for a fight over broker provisions.

The firm cannot increase assets until it comes up with a plan to fix its internal controls.

NASAA President Joseph Borg also vowed to work with SEC Chairman Jay Clayton’s team on improvements to the Regulation Best Interest proposal.

One topic under alleged examination is the monthly process through which prices of the benchmark’s futures contracts are calculated.