Regulation

Neil Menard, group president CNL Capital Markets and president of CNL Securities, said that there is still much industry uncertainty about managing change.

The firm misreported over 1 million transactions, according to the regulator.

The proposed rule would require firms to have blueprints in place for natural disasters, cyber disruptions and transitioning clients if a practice winds down.

It’s time for professional planners, as opposed to sales agents, to define themselves accurately in the public mind. To do it, you need to use key words and phrases with crystal clarity.

Allen Holeman "willfully failed to amend" U4 forms to disclose tax liens as required, according to the regulator.

LPL touts its size and scale as a plus to attract advisors, but the company's heft can also work against it, consultants say.

Meanwhile, the SEC hints that more actions could follow the $425 million in penalties levied against the brokerage firm.

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.