FINRA

Richard Ketchum adds that the regulator needs to take a closer look at the culture of wealth management companies to see if executives are setting the right tone: "It is essential that a firm's leadership own the policies and procedures."

The regulator says the firm had "widespread failures" in its anti-money laundering programs for both its employee and independent channels.

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

The advisers are also balking at the firm's insistence that former advisers seeking to claim comp go through its dispute resolution process instead of FINRA.

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.

FINRA blasted the former rep for allegedly making unsuitable recommendations in unit investment trusts that cost customers more than $1 million in losses.

The rep was barred for engaging in money laundering and helping a childhood friend and business associate deceive creditors.

A recent FINRA report actually bolsters arguments against investors using automated advice, according to the author of an agenda-setting study on digital advice and investment law.

A recent FINRA action against Raymond James is the latest evidence of competitive tensions in the brokerage sector spilling into alleged privacy violations.

A new FINRA report warns firms they should be ready for reviews on their use of digital investment advice tools.