Compliance

With tens of thousands of certificants affiliated with giant BDs, the documents required by the new standards are making their conflicts of interest plain as day.

The regulator is doing more with less but also missing its own goals around how long an investigation takes to result in an enforcement case.

The regulator’s expanding number of share-class cases fill in the details it says have been missing from Form ADV disclosures about conflicts of interest.

The advisor advocate’s’ term, to begin in 2021, also will focus on increasing FPA membership.

The cases allege unsuitable recommendations of LPs issued by affiliates of GPB Capital, which faces multiple investigations.

In a little-noticed rule change, mutual funds no longer disclose their shrinking BD commission load-sharing payments.

Carolyn Clancy, head of the BD segment, says its 200 client firms need more tools and capabilities in a new era of wealth management.

Since this March, almost 100 firms have settled with the regulator for approximately $173 million. Other cases are still pending.

Deciding what does or doesn’t constitute a “material change” can be a tough call.

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

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.

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

Even though many of its members weren’t satisfied by the SEC’s rule, NASAA praises the inclusion of a requirement to consider costs in a recommendation.

The IBD trade group launched a public campaign after more than 80 cases this year alleging inadequate disclosure of mutual fund fees and compensation.

The SEC published more than 1,300 pages of regulatory information. Here's what advisors need to know.

The IBD failed to adequately disclose conflicts of interest to clients related to receiving $10.8 million from mutual funds and its clearing broker, the SEC says.

Due to a 2010 FINRA rule change the answer is — with difficulty.

Critics reject the notion that disclosure alone is sufficient for reigning in conflicts — but the charges against Commonwealth have put BDs on notice.

A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.

An RIA owner accused the custodian of aiding his chief compliance in setting up a competing firm.