Compliance

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.