FINRA

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."

The authors of a PIABA Foundation study describe a system in which it’s ‘almost impossible’ to put the public’s interests first.

Her hospitalized client's accounts had more than $14 million in transactions over a nine day period, according to FINRA.

The cases allege unsuitable recommendations of LPs issued by affiliates of GPB Capital, which faces multiple investigations.

BrokerCheck is potentially missing critical information clients need to evaluate brokers, investor advocates say.

Although FINRA cannot investigate potential wrongdoing by these former employees, state regulators are expected to do so.

Deciding what does or doesn’t constitute a “material change” can be a tough call.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.

The demands come following a Financial Planning investigation revealing how JPMorgan’s Chase Private Client group used false evidence to get rid of an advisor.

They’re grinding forward with changes, even as complicating factors emerge ahead of when the rule takes effect next year.

After an investigation into the self-disclosure of regulatory incidents, the board is looking to strengthen the review process and clear up public confusion.