FINRA

That would be a big “no,” in most cases, according to FINRA, but gives rise to another question…

The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.

Make sure not to confuse it with the SEC’s self-reporting program.

Diversity statements and conferences are well and good but don’t go far enough. Here’s what will.

FINRA blocked the influential advisor and wealth management entrepreneur on one case, but an arbitrator backed him on another.

The arbitrators based their ruling “on the defamatory nature of the information.”

The SEC examined approximately 2,180 RIAs in 2019.

Lack of oversight and potentially risky procedures are — or should be — in the fine print of these wildly popular tools.

SEC-mandated disclosures for dual registrants could put clients off brokerage options, some suggest.

“This didn’t seem like a very fair process,” says the ex-advisor, who was ordered to pay the firm $206,000 for breach of promissory note.

The firm’s supervisory systems did not identify brokers who recommended clients engage in potentially unsuitable early rollovers of UITs, the regulator said.

Supervisory failures at LPL Financial, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch and Citigroup prevented assets from moving to beneficiaries on time.

The commission-free brokerage did not reasonably review “hundreds of thousands of orders each month,” according to the regulator.

"I don't mean to ruin your holidays, but ... " Regulators and industry insiders caution against delaying compliance efforts as the June deadline approaches.

The advisors had won $1.6 million in back pay and fees in a case decided last month.

A former rep has drawn at least 30 claims after pleading guilty to fraud, while clients of another ex-LPL advisor are seeking damages five years after his initial arrest.

Not a great idea, says Alan Foxman, but if you’re determined, there may be a way.

Bruce K. Lee left the brokerage world where cheating on continuing education requirements can be a "career killer."