Financial regulations

Who’s responsible for a digital problem caused by a third-party program? Not the vendor.

The wirehouse will make “many” of the pricing and product design changes it planned last year, include lowering commissions for trades involving stocks and ETFs “to the benefit of our clients,” according to an internal memo.

For the first time since 2008, a commission will propose long-awaited changes to the Standards of Professional Conduct. Areas under review include code of ethics and planning practice standards.

The costs of complying with the fiduciary rule may cause many smaller independent broker-dealers to disappear. Advisor Group plans to take advantage of this trend.

Advisers have been warned: SEC's exam guidance to focus on cyber threats and issues involving seniors, leaving little excuse for noncompliance.

With a deep résumé representing Wall Street firms, Jay Clayton is seen as a business-friendly choice not expected to push major new regulations or ramp up RIA exams.

Charles J. Dushek allegedly made trades without designating in advance whether he was trading personal money or client assets.

The firm was accused of using transactions with an affiliate to reduce the amount it was required to keep in its customer reserve account.

The former federal prosecutor is the president-elect's pick after vetting a handful of candidates, said a person with knowledge of the matter.

The allegations come a year after the firm paid over $300 million to resolve regulators' claims that it failed to tell wealthy clients it was steering them into its own funds.

From regulators to technology providers to CEOs, these are the players who will remake wealth management in 2017.

Ex-RIA Richard G. Cody gave false reports to retirees for more than a decade, the SEC says. Many lost most of their life savings.

The model for financial advice "is primed and ready for change," says Cetera CEO Robert Moore.

Anticipation of auto enrollment features is expected to change the way advisers serve their clients.

The problem began when a hyperlink was missing from where clients were accustomed to reviewing their transactions online.

The firm’s review process is called "paper-thin" after an adviser is charged with selling retirees unsuitable variable annuities and fabricating client information.

Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.

A handy guide for advisers, legislators and regulators to decode the jargon used to talk about issues important to the planning profession.

The fiduciary rule was an unintended gift for those who focus on income distribution planning.

The fiduciary rule was an unintended gift for those who focus on income distribution planning.