Compliance

Only a firm “actively swindling funds” would trigger an onsite visit, according to Peter Driscoll.

Regulatory relief applies to advisors and investment funds but the commission stresses that fiduciary obligations still apply.

Five years of alleged promises, checks that never arrived, and a mysterious employee named “Tryg Nederloe” add up to a bizarre saga with wide ramifications.

That would be a big “no,” in most cases, according to FINRA, but gives rise to another question…

The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

The agency will send several dozens agents to make at least 800 face-to-face visits in February and March of this year.

For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.

Undisclosed payments from alt managers should have been explained to clients in Form ADV, the regulator says.

The wealth manager claimed bank management knew a customer had a history of sexual harassment, but allowed him to continue doing business at the branch anyway.

“It’s like nuclear fallout. The bomb didn’t drop on you but you were within five miles of it," said Alan Johnson, managing director of compensation consultant Johnson Associates.

Faced with the retention risk from the RIA-only channel, firms are trying to alter their company cultures and questioning traditional approaches.

The IBD advocacy group expects no letup in enforcement by the regulator — with wide ramifications across wealth management hanging in the balance.

Make sure not to confuse it with the SEC’s self-reporting program.

It’s been a long tail for the firm that began with the 2016 revelation that employees had opened millions of fake accounts to meet sales goals.

FINRA blocked the influential advisor and wealth management entrepreneur on one case, but an arbitrator backed him on another.

The SEC examined approximately 2,180 RIAs in 2019.

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

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

The top brass being unaware of this stuff happening on their watch doesn’t inspire confidence.