Regulation

A manager of an errant broker finds himself the target of regulators and asks our compliance columnist: What could I have done differently?

In 2015, FINRA slammed offenders with $46.3 million in sanctions for suitability-related infractions, nearly six times the $7.9 million it imposed in 2014.

The service shares the 12 most egregious tax scams of the year.

Few investors receive arbitration awards, PIABA says, while proposing a national recovery pool.

SEC officials warn many advisors and brokers have next to no cybersecurity policies in place, exposing them to data breaches and potential enforcement actions.

The client originally sought $18 million for breach of fiduciary duty and churning among other alleged wrongdoing.

Asset managers that stay on top of regulatory demands not only keep authorities happy, they gain a competitive advantage against other firms, says one fund administration executive.

During the transition in independence, avoid running afoul of legal breaches and other quicksand that can drag you down.

Few independent firms will be unaffected by the change, and if they don’t get cracking, they may "find themselves in a costly and time-consuming game of catch-up," argue Robert Cirotti and Gabriel Garcia of Pershing.

As part of a multi-year initiative, the commission has unearthed numerous deficiencies in how advisors and brokers work with and market to clients planning for retirement.