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The firm cannot increase assets until it comes up with a plan to fix its internal controls.

The investment gives the world’s largest asset manager a focus on small-time investors.

NASAA President Joseph Borg also vowed to work with SEC Chairman Jay Clayton’s team on improvements to the Regulation Best Interest proposal.

The departure might slow SEC Chairman Jay Clayton’s progress on creating stricter standards of conduct for brokers and advisors.

The No. 1 IBD has completed the NPH acquisition, but CEO Dan Arnold unveiled further growth initiatives amid challenges to its dominance.

The effects are looking like "every other much-hyped tax cut of the past three decades.”

"We're told that good advisors stay away from politics, but I disagree," says one advisor.

Investors may support the pay hikes, but protesters says the bank owes customers more.

New legal analysis suggests that the rules would add "teeth" to broker-dealer regulation.

The regulator's proposal is set to remake compliance standards for brokers and advisors.

By requiring brokers to look out for clients’ best interests, the SEC is effectively requiring them to give financial advice, which distinguishes them from online brokers and should let them keep charging clients premium fees.

It appears the regulator bought into the investor choice argument of sales reps right from the beginning.

New rules recognize the fact that commission-based transaction services can be the most cost effective way for Main Street investors to receive financial advice.

New rules would set standards of conduct for brokers, require new disclosures and offer interpretive guidance for fiduciary advisors.

The Massachusetts senator is struggling to get data that shows how bad sexual harassment might be on Wall Street.

The commission's approach stands a good chance of superseding the Labor Department's fiduciary rule.

Despite an impressive performance, Morgan Stanley's CEO is not preparing to raise profitability targets.

At some point, stock price gyrations became synonymous with bad performance. Actually, it’s "only a reflection of volatile movements in the market.”

Assets topped $6 trillion as investors continue to move money into passively managed funds.

A spike in volatility and changes in U.S. tax law are some of the reasons why the firm says clients have moved their money in the quarter.