Regulation

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

Timothy Scheve will complete the term of John Thiel, the former head of Merrill Lynch, who left FINRA's board earlier this year.

The claim alleged negligence, fraud and misrepresentation, according to the regulator.

The commission's new risk alert focuses on fees and expenses and amplifies its focus on disclosures and compensation structures.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

Former CEO Mark Casady disclosed in arbitration testimony what led to the firing that resulted in a $30 million claim against the firm.

The payout brings the distribution to more than $1.2 billion, a fraction of the more than $50 billion scam.

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.

Should advisors and brokers have plain-English job descriptions and be required to work in their clients’ best interest? Commissioners will vote on whether to move ahead with key proposals.

The new fee system will impact more than 800,000 customers.