Regulation

Enforcement actions at the SEC and FINRA highlight emphasis regulators are placing on fees and reverse churning, anti-money laundering programs and variable annuities.

Wells Fargo, Morgan Stanley, Bank of America and J.P. Morgan Chase were among the dissenters, people familiar with the matter said.

To attract new clients—and keep current ones — planners need to step up their game. Here’s how new digital tools can help.

The wirehouse was hit with sanctions from the SEC and FINRA for disregarding securities rules, misusing clients’ cash and not disclosing product costs.

Regulators say ETFs, mutual funds and other investment vehicles should be subject to additional oversight to ensure that managers can sell assets to meet investors’ demands during volatile markets.

The Financial Stability Board concludes that an abrupt exit from the junk bond market won't hit ETF investors the hardest.

The SEC found that auditing or testing would likely have revealed deficiencies in controls that allowed an employee access to client information at the wirehouse, says leading compliance expert Alan Foxman.

Ash Narayan "secretly siphon[ed] millions of dollars from accounts he managed for professional athletes," the SEC alleged.

The firm is accused of negligence, breach of contract and other misconduct, according to a copy of the award.

An arbitration panel ruled that the firm had failed to properly supervise the adviser.