Independent advisors

INVEST 2023 panelists and the latest SEC risk alert suggest the regulator will treat the rule much like one that has cost big Wall Street firms more than $2 billion in fines.

A top FINRA enforcement official warns that firms' internal compliance systems are not clued in to the often ambiguous meanings of the symbols now peppering many financial planners' communications.

The Senior Citizens League worries the increase won't be enough to keep up with rising prices for housing and healthcare.

Financial advisors say they can help combat the flow of misguided and misleading recommendations by posting more frequently and establishing more of a social media presence.

Dennis B. Levine, a central player in the 1980's most notorious insider trading scheme, benefits from the regulator's fix, but so will some everyday financial planners.

Industry groups question the wisdom of regulators seeking to have one rule on data breaches for broker-dealers and another one for advisors.

A survey from the FINRA Foundation and CFA Institute finds that cryptocurrency and individual stocks remain popular with the younger crowd.

The case is the latest arbitration decision showing risks advisors run when they jump ship and think they can take investors with them.

One industry recruiter called the Aegis group at Lincoln 'the last people we expected to move.'

The banking giant plans to put all asset managers through training in Python programming language, whether they 'like it or not.'

Although most advisors and brokers see both pros and cons to operating outside the office, few are ready to abandon their new schedules.

As the RIA market expands rapidly, Goldman Sachs Advisor Solutions is gaining ground with more RIAs seeking bespoke services for ultrahigh net worth clients.

FINRA argues that brokerage representatives should have the ability to keep information about private residences out of public databases.

Panelists at the self-regulator's annual conference list instances when they should document the reasons for the investment advice.

A bill before Congress would let planners with certain securities licenses place clients' money in private markets regardless of their income or net worth.

Representatives of the industry argue the changes would fall particularly hard on planners who are authorized to make trades on behalf of clients.

The financial services firm continues to go before FINRA arbitration panels to defend itself against claims over ex-broker's actions.

The firm and an advisor kept clients in leveraged funds for extended periods, even though they were often meant to be held for a single day.

But the firms continue to close faster than new ones open, suggesting consolidation remains an industry trend.

Lawyers for the popular brokerage service argue that federal regulators have resisted the use of a single conduct standard to preserve investor choice.