FINRA

Investment advisors and broker dealers have different “relationship models” with clients, the chairman says.

A pen and paper or more advanced methods of documentation can save financial advisors from a variety of troubles.

How technology could continue to disrupt financial planning.

The regulator will save members tens of millions of dollars by helping them verify advisors’ Form U4 financial disclosures, Robert Cook says.

Firms are required to verify their procedures are reasonable, but they also must tailor their supervision to individual advisors, and sometimes that means crafting higher level of oversight for some people.

Banks such as UBS aim to offer money managers refuge from jittery markets by combining bonds with more exotic options.

The rep processed a $9,850 wire request from an imposter posing as a customer, even after the customer called to say that the request was not genuine, FINRA claimed.

Clients thought they were investing in real estate developments that would be flipped for profit.

The firm failed to accurately describe the costs and benefits of exchanging variable annuities and recommended exchanges without knowing if they were suitable, FINRA said.

The CFP Board’s new code of ethics should be celebrated for embracing the fiduciary concept — will the standards be strengthened even more in the future?