Regulation

The firms sent letters last week praising the Financial Stability Board for shifting its scrutiny of the industry to specific trading activities.

While employed at Huntington National Bank, the broker recommended a couple invest $350,000 — the bulk of their net worth — in two unit investment trusts, according to FINRA.

The SEC's allegations against David Paterson were tied to a proposal to build the largest movie studio in North America.

Wells has long touted cross-selling as the reason behind its success. But revelations of a cutthroat sales culture and phony accounts have undermined its credibility.

Pressure from lawmakers is intensifying on the bank. The SEC was also asked to investigate, and the SBA was asked for information about its own enforcement actions.

The bank and the RIA are feuding over alleged violations of a non-compete agreement and accusations of unfair competition.

The regulator has filed a complaint against whistleblower Johnny Burris, who has filed multiple cases against one of its largest member firms, JPMorgan.

PureFunds CEO Andrew Chanin discusses what differentiates his firm's novel offerings from the rest of the industry.

Explaining is as simple as using this phrase: Fiduciary rule.

Explaining is as straightforward as using this phrase: Fiduciary rule.