SEC

The second-largest independent broker-dealer overcharged nearly 1,800 retail retirement accounts, the regulator says.

Commission officials put the industry on notice about self-reporting: financial advisors must comply or face harsh punishments.

The scrutiny puts a spotlight on a small corner of the $3.4 trillion ETF industry.

"I think it's something that the market needs. I think it's something that regulators need," Jay Clayton says.

Advisor "reaped substantial profits" from 65 clients by using block accounts, the regulator says.

Planners must make accurate disclosures about their service models, says the regulator.

Massachusetts regulators accuse the firm of running afoul of the impartial conduct standard by holding sales contests.

Thomas Buck spent 33 years with Merrill Lynch before he was fired in 2015.

Come forward now or face penalties later, the regulator is warning advisors who failed to disclose conflicts of interest around high-cost mutual fund share classes.

The proliferation of esoteric funds not easily understood by retail investors has created greater potential for damage.