Regulation

The employee and independent BD collected excess UIT commissions and failed to properly review inactive accounts, the regulator says.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.

Alternative compensation structures may provide more consumer protection, and drive higher client satisfaction.

The demands come following a Financial Planning investigation revealing how JPMorgan’s Chase Private Client group used false evidence to get rid of an advisor.

NASAA’s annual survey of regulators sheds light on legal proceedings against BDs, RIAs and unregistered firms that often go unnoticed in the wider industry.

The rule unfairly gives brokers a leg up in the marketplace, harming the network’s 1,000 independent advisors, the firm claims.

They’re grinding forward with changes, even as complicating factors emerge ahead of when the rule takes effect next year.

Trading venues have clubbed together to attack the latest European effort to curb what they charge clients for data.

After an investigation into the self-disclosure of regulatory incidents, the board is looking to strengthen the review process and clear up public confusion.

Elias Herbert Hafen, “every client’s worst nightmare,” could face years in jail. The wirehouse says it is repaying clients.