Compliance

A former Canadian “mutual fund” salesman has been banned for life from the industry and ordered to pay a fine of $6 million for stealing clients’ assets valued at some $12 million, the Globe and Mail reports.

The Financial Industry Regulatory Authority has temporarily withdrawn a controversial proposal to require advisors, brokers and firms to incorporate links to the BrokerCheck database when they post content to social media sites.

An arbitration panel has ordered Wells Fargo to pay Stifel $800,000 in the latest dispute over alleged raiding of former A.G. Edwards advisors.

A flood of traffic took down Charles Schwab & Co.’s website late Tuesday.

Advisors need to be well-versed in cybercrime to protect themselves and their clients. Check out six tips from the FBI.

Credit Suisse Securities LLC sued to block a Financial Industry Regulatory Authority arbitration, arguing that the investors who initiated the claim don’t fit the Finra definition of “customer” required for the dispute- resolution process.

From fiduciary rules to state tax strategies, regulatory issues continue to be on the front burner for the industry, the CEO of Raymond James Financial’s Global Private Client Group told advisors Tuesday.

Southwire Co., the privately-held wire and cable manufacturer, has asked a U.S. court to review a regulatory decision that cleared the way for BlackRock’s planned exchange-traded fund backed by copper.

The Securities and Exchange Commission yesterday announced that Acting Director George Canellos and former federal prosecutor Andrew Ceresney have been named Co-Directors of the Division of Enforcement.

George Canellos and Andrew Ceresney have been named co-directors of enforcement at the Securities and Exchange Commission.

Succession planning, regulatory and technological issues will be the main focus for Raymond James Financial Services over the next year, according to Scott Curtis, the firm's president.

The regulator seeks to change the way customers select arbitration panels.

Newly-minted Securities and Exchange Commission Chairman Mary Jo White is off and running. Somewhat.

The SEC has charged the CEO of Simran Capital Management with defrauding the largest public pension in the United States, among other clients.

ING announced that the share price on its IPO will be between $21.00 to $24.00 per share for a maximum of 64,166,667 shares of common stock offered.

Newly-minted Securities and Exchange Commission Chairman Mary Jo White is off and running. Somewhat.

The ranking Democrat on the House Financial Services Committee is making another push to charge advisors for SEC examinations.

The Bureau described the use of various senior designations as “extremely confusing for consumers,” noting that more than 50 different such designations are currently used to sell a wide variety of financial and insurance products.

"Once it is released it's going to be attacked. It's already being attacked, even though nobody really knows exactly what the rule will be," Ron Rhoades told reporters during a conference call on Thursday.

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.