SEC

FINRA accused FSC, Royal Alliance, SagePoint and Woodbury of "negligently omitting material facts" about an alternative asset manager, FINRA said.

Goldman Sachs Group will pay $4 million to settle U.S. regulators' claims that its asset management unit didn't properly weigh environmental, social and governance factors in some of its investment products.

CapWealth Advisors founder Tim Pagliara said a federal jury sided with the firm because its clients had, in fact, paid lower overall fees on their mutual funds.

Consumer advocates cheered the outcome of the case and the regulator's enforcement push in recent years. Commonwealth's case is still pending.

An attorney for Keith Todd Ashley said he plans to appeal his fraud conviction and plead not guilty to capital homicide.

The firm's latest supervisory case involving its oversight of former brokers comes as regulators and client attorneys have more tools under the 2-year-old rule.

Securities America has paid more than $15 million in an SEC case and settlements with the fraud victims of Hector May and his daughter, Vania May Bell.

Grayscale Investments, the largest crypto asset manager, said the Securities and Exchange Commission acted arbitrarily earlier this year in rebuffing a bid to convert its $12 billion spot bitcoin trust into an exchange-traded fund.

A basic scam victimizing a client who has since been diagnosed with dementia evaded any red flags for eight years, according to the SEC.

The lack of formal codification and an accurate count of customers leaves the profession struggling with fundamental questions about identifying the true practitioners and their base of clients.

A $775,000 settlement for Waddell & Reed relating to its pre-LPL days displays how the regulator is ramping up enforcement of such cases, experts said.

With the broker behind bars since last year, the firm has paid nearly $2 million in client restitution and a regulatory fine over its mishandling of the account.

After a watchdog found problems with the regulator's examinations, the agency has repeatedly refused FP's requests for the details of them.

Midsize wealth manager Kovack Securities and its CEO settled two matters last month dating to his time as a member of FINRA's Board of Governors.

Alpine Securities has added to its long docket of run-ins with regulators over the last several years, alleging the SEC is piling on.

The company's CEO offered a rare perspective on what the industry can learn from it.

Securities arbitration experts say the Investor Justice Act would represent the SEC's first recurring grants for free counsel that's sorely missing.

The regulator provided a detailed listing of practices subject to tougher client-care standards for disclosure or outright elimination.

After Bernie Madoff's infamous Ponzi scheme, Congress formed a whistleblower program to prevent future scams. Now critics say the program itself has become "secretive and out of control."

Traders are splurging on “complex” ETFs to ride out the crushing bear market across assets.