Regulation

The lawsuit follows a complaint by the SEC alleging that five men and three companies defrauded more than 600 investors.

Advisors recommended that clients sell positions in complex structured products to rack up fees, says the regulator.

Can an RIA take the first bite of the apple when it comes to a dually registered rep’s brokerage commissions?

Brian McIntyre said the regulator mostly sought to terminate older workers in a September wave of firings after FINRA lost a regulatory contract with the New York Stock Exchange in 2016.

Technology advancements aside, navigating the new regulatory requirements still takes work.

The firm arranged to make transactions differently on the days that it was required to calculate its reserve deposits, the regulator says.

While the demise of the Department of Labor’s regulation will hurt investors, it makes fiduciary advisors even more relevant.

The reforms could serve as a checklist for firms looking to enhance their own cybersecurity posture in light of the regulator’s increased scrutiny.

Lawmakers praise the spirit of the rule, but want to see a true uniform fiduciary standard.

Issuers want the regulator to go further and make it easier for managers to choose the securities they add or subtract when they issue and redeem shares.