SEC

The court said the in-house SEC judge who handled Raymond Lucia’s case was a constitutional "officer," meaning he should have been directly appointed by the SEC.

The firm agreed to settle and admitted wrongdoing, according to the regulator.

Some of the proceeds went to commission a song with the lyrics: “Pop champagne in L.A., New York to Florida; buy another bottle just to spray it all over ya,” says the SEC.

Disparate voices in the fiduciary debate agree that Form CRS might be too dense and complex to achieve meaningful disclosure.

Fiduciary advocates lament the absence of the term from the SEC's rule, which they say fails to move beyond FINRA’s existing suitability standard, while the brokerage sector sees the proposal as a welcome jump in oversight.

FINRA plans to unveil a new user interface for its central registration depository system on June 30.

The move is an early indication of how firms may react to the demise of the Labor Department regulation.

The regulator obtained an emergency asset freeze against the advisor.

The regulation was dealt a fatal blow when a federal appeals court hearing a challenge to the rule by business groups vacated it in a split decision.

The wirehouse's traders and salespersons misled and overcharged clients with regard to the securities, the regulator charges.

Keeping brokers and advisors on a separate regulatory track could preserve the “competitive advantage” that RIAs enjoy, says Schwab exec.

The CEO of Pershing Advisor Solutions sees an opportunity for RIAs in the potential restrictions on a term that has stoked criticism.

Critics say the SEC isn’t living up to promises made when Jay Clayton became chairman.

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.

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

The advisor defrauded some 100 clients by persuading them to invest more than $71 million in 16 private funds offered by his two investment advisory companies, the SEC claims.

What should advisors expect from the upcoming regulation?

Co-chiefs of the SEC’s Division of Enforcement tout a program aimed at repaying investors for excessive mutual fund fees as a new approach to curbing industry abuses.

The brokerage sector and investor advocates are gearing up for a fight over broker provisions.