Compliance

Lee D. Weiss of Family Endowment Partners put millions of client money into a quasi-Ponzi scheme, lawyer says.

Bank of America and its Merrill Lynch unit were sued by two former financial-advisor trainees who claim they weren’t paid overtime for long days and weekend work.

There's a lot advisors can do -- and a lot they aren't doing -- to better serve vulnerable elders, according to a new report released jointly by SEC and FINRA.

Michael J. Oppenheim allegedly used his position as a private client advisor to persuade at least two customers to withdraw millions out of their accounts on the promise the money would be invested in muni bonds.

Federal authorities for the first time have directly included rollovers and IRAs in their latest fiduciary standard proposal, and that could have a huge impact on firms in a fast-growing and profitable segment of the retirement savings industry.

Does the SEC's proposed budget reveal where the agency will be looking in the coming two years?

The giant IBD's lingering compliance issues should be "all done in 2015," says chairman and CEO Mark Casady.

U.S. asset-management executives met with international regulators to make the case that their firms don’t pose a risk to global financial stability.

Advocates for a new, stricter standard say momentum is on their side, while opponents argue that the rule-making process is too hasty.

As the DoL proposal enters the public comment period, here are two things 401(k) professionals and advisors concerned with how to comply should keep in mind.

Some of the proposed exemptions could be so expansively interpreted that they permit the egregious conduct that bona fide fiduciary standards are designed to constrain.

Texas veteran Leroy Brown Jr. lured in soldiers and veterans with outlandish affinity fraud, according to SEC complaint.

The much-anticipated DoL proposal extends a fiduciary standard to thousands of brokers and advisors providing investment advice on retirement accounts without barring certain types of compensation. But details on enforcement are still forthcoming.

Richard Ohrn, a former Chase and Wells Fargo broker accused of stealing money from customers, was discovered Sunday after staging his disappearance.

The firm says they "are pleased to welcome" Thomas Buck and his team.

JPMorgan Chase executives have been deposed and thousands of pages of internal documents subpoenaed as part of an SEC investigation into whether senior asset-management executives at the bank developed a policy of improperly steering clients into investments for JPMorgan's own financial gain, according to people familiar with the investigation.

While financial institutions are apt to remain wary of the cryptocurrency and others like it, the industry is ready for more-controllable versions of its distributed-ledger technology, a new report argues.

As older clients start drawing down their wealth, the industry needs younger investors to ensure its future, says Janney Montgomery Scott CEO Timothy Scheve.

If the Financial Stability Oversight Council was hoping for any kind of consensus on whether and how it should regulate asset management companies, the feedback it has received on its request for comment is likely disappointing.

Andrew Bowden will return to the private sector after four years of working to streamline the SEC's advisor exam program.