Regulation

Lack of oversight and potentially risky procedures are — or should be — in the fine print of these wildly popular tools.

The SEC-approved ETF strategy protects “the intellectual alpha of active managers.”

He used client funds money to pay for massages, jewelry and to shore up his wife's failing pet store.

Asset managers stand to gain from an SEC-approved ETF structure since “selection of securities is the intellectual property for which they are paid fees.”

SEC-mandated disclosures for dual registrants could put clients off brokerage options, some suggest.

“This didn’t seem like a very fair process,” says the ex-advisor, who was ordered to pay the firm $206,000 for breach of promissory note.

From closed-end funds to Reg BI, here's what could be playing out this year.

The advisor was charged with overbilling clients by hundreds of thousand of dollars and diverting millions from the company’s payroll to his own account.

In the 1960s, iconoclastic reformers started a campaign to kill fixed brokerage fees. Today, we’re witnessing the logical culmination of that effort.

The firm’s supervisory systems did not identify brokers who recommended clients engage in potentially unsuitable early rollovers of UITs, the regulator said.