Compliance

Former retail brokerage head David Kowach is moving to the consumer bank.

The bank will pay $1.25 million for alleged supervisory failures.

The commission warns practices to tighten up supervision and ensure accurate disclosures.

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

A barred broker told clients the lifestyle media company was about to be acquired, so “they needed to act quickly,” according to the regulator.

The suggestion comes amid opposition from brokerage firms to an expanded fiduciary obligation.

The chairman says the commission is working closely with FINRA on inspection plans to hold brokers to account.

Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.

Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.

A PKS rep allegedly sold $190 million worth of non-traded REITs and BDCs without disclosing the commissions.

The No. 1 independent broker-dealer failed to properly register more than 650 reps as agents, the prominent state regulator says.

The regulations cut back on some forms of conflicted compensation. Here's what else to expect.

Brokers at the firm have expressed concern their employer and the CFP Board are on a collision course.

TD Ameritrade’s Skip Schweiss says the proposal — if approved by the SEC this week — could alter the competitive landscape.

With transparency about conflicts on the rise even as it varies by firm, critics question whether clients really understand complicated technical documents.

FINRA Rule 3210 typically requires permission for brokerage accounts.

Swiss banks face pressure across Europe, with prosecutors in France, Germany and Italy accusing them of helping clients hide money from tax authorities.

The regulator and one of its largest members, LPL Financial, engaged in a back-and-forth on the controversial initiative.

When the board's new Code and Standards take effect in October, fee-only advisors will be expected to step up their compliance operations.

The SEC is giving serious side-eye to firms with part-time or underqualified compliance officers.