Financial regulations

Meanwhile, the SEC hints that more actions could follow the $425 million in penalties levied against the brokerage firm.

Enforcement actions at the SEC and FINRA highlight emphasis regulators are placing on fees and reverse churning, anti-money laundering programs and variable annuities.

The wirehouse was hit with sanctions from the SEC and FINRA for disregarding securities rules, misusing clients’ cash and not disclosing product costs.

An arbitration panel ruled that the firm had failed to properly supervise the adviser.

The strategy raises tricky tax reporting and regulatory questions.

Robert Cook, an attorney and former SEC director, will have to help the regulator navigate complicated matters , from calls for an industrywide fiduciary standard to heightened congressional scrutiny.

A recent agency memorandum cited several legal cases to back up its opinion.

If an advisor hasn't adopted new technology, the CEO asks, are they putting their own interests ahead of their clients?

Some insiders at big brokerage firms encouraged the DoL to maintain progress. "That kept us going," Assistant Secretary of Labor Phyllis Borzi says.

Sales commissions may decrease, but new assets are expected to come on the platform.

Are you using a robo adviser with clients? Be prepared to understand the inner workings of your digital tools, says Hardeep Walia, CEO of Motif Investing.

Commission staffers are probing how broker-dealers are handling ETFs and the extent to which investors understand the risks of the funds.

The Massachusetts-based planner, who allegedly told clients their money would be invested in a hedge fund, was also ordered to pay $1.89 million to victims.

FINRA reprimanded the former rep for allegedly falsifying personal documents as accommodations for HSBC bank customers.

Vanguard founder John Bogle and the DoL's Phyllis Borzi support an investor bill of rights.

The former rep allegedly stole $1,380 from a customer's bank account by issuing and then using a debit card without the customer's knowledge.

The wirehouse terminated the broker two days after losing a $34 million arbitration case brought by the client's widow, who alleged elder abuse and other misconduct.

Keeping up with the pace of change in the wealth management industry involves blending holistic advice and a digitally enhanced practice.

Shifting to advisory business means firms will have to develop new incentives to attract talent, as the job will not offer the same earning gratification as it once did.

The proposal, which would allow more consumers to join class-action lawsuits over disputes, could drive up compliance costs. Agency director Richard Cordray wants more accountability.