Regulation

Advisors in the Midwest and on the West Coast noticed information from their accounts on Pastebin, a website notoriously used for posting hacked or leaked information.

Years after being barred from the industry by FINRA, a former LPL broker is heading to prison for embezzling more than $250,000 from mostly elderly clients.

Many firms manage the distribution of summary prospectuses and upkeep of the related websites in-house via a painstaking manual process. However, these firms may not be aware of how much this effort is costing them and whether they are truly complying with Rule 498 and delivering a positive investor experience.

The breach illustrates the danger posed when just one employee has unauthorized or unsecured access to sensitive information, as well as the ongoing threat to financial institutions from insider theft.

The firm was sanctioned for failing to review the incoming and outgoing email correspondence of its registered reps.

The former lead counsel in the board's defense of its case against two Florida planners has moved in-house as general counsel.

Failure to align business practices with a client's needs may invite scrutiny, the regulator warned.

New laws this year likely will have an impact on retirement savings as the government faces population aging and public pension concerns.

A fired Morgan Stanley financial advisor accused of stealing client data never intended to sell the information and "is extremely sorry for his conduct," his lawyer said.

The event reminds firms, advisors and clients of the ever-evolving threat of data breaches. Here's what advisors should do.