Compliance

Jim Weddle, head of the firm, says the new regulation "will increase the public's trust and confidence in what we do for them."

Exclusive: Top Labor official says, “If we think there is some continued abuse that hasn't been adequately addressed, we'll figure out what to do."

While much of the wealth management industry cautiously mulled over the potential impact of the fiduciary rule, digital-first firms were quick to celebrate.

Merrill Lynch's John Thiel was pleased the new regulation addresses several "practical concerns" made during the comment period.

Banks and credit unions are not prepared for the onslaught of change that began Wednesday.

Industry groups takes side on the newly issued fiduciary rule.

Rep. Ann Wagner of Missouri called on Congress "to stop this ill-advised rule."

“A great win for the middle class," a proponent says, as others note the changes already occurring at planning firms.

Voices: The fiduciary rule is not complicated. If you don’t want the responsibility of being an advisor, don’t call yourself an advisor or imply you are one.

The timeline for implementation is extended, and proprietary products won’t be effectively banned.

Voices: Abuses in investment advice need to be stopped. But a law without teeth is worse than no law at all.

The men "plotted to overcharge their clients by millions of dollars," according to U.S. Attorney Carmen Ortiz in Boston.

Three former advisors at the wirehouse accuse Merrill of failing to provide them with adequate support to serve international clients.

The rep opened and funded an account with an IRS tax-refund check that was later connected to a fraudulent filing.

A FINRA arbitration panel sided with UBS, which sought damages for breach of promissory notes.

Massachusetts securities authority goes further than SEC or FINRA in its examination of automated advice.

Labor Department event planned for next week.

CUSO and Infinex plan to not only lower minimums and adjust pricing on advisory accounts but also partner with digital advice providers in a bid to serve a wide range of customers.

A key challenge posed by the pending fiduciary rule: are firms going to be active managers or are they going to be financial advisors?

A recent FINRA action against Raymond James is the latest evidence of competitive tensions in the brokerage sector spilling into alleged privacy violations.