Compliance

Our legal expert explains what discretion you have with the account of a client who passes away.

Head of Americas Investment Strategy at Barclays Wealth discusses how investors can look at this year's presidential election.

FINRA has filed an enforcement complaint against David Lerner, the operator of a brokerage aimed at retail investors, claiming he misled investors when he tried to quell customer concern about an action taken against his firm for its marketing of real estate securities.

The SEC sanctioned Florida-based 1st Discount Brokerage and a former executive vice president for failing to supervise an advisor who was operating a Ponzi scheme.

The firm joins several others, including Ladenburg Thalmann, Cetera and LPL Financial, to offer subsidized FSI memberships to advisors.

Will the recent SEC alert chill the use of social media by asset management firms? Or simply put it on ice?

The former UBS trader accused of unauthorized deals that cost the Swiss bank $2.3 billion pleaded not guilty to four fraud and false accounting charges in a London court.

FINRA issues an alert warning investors to guard against a two-step process where “fraudsters” gain access to their email accounts and then instruct the firms involved to transfer money out of their brokerage accounts.

The SEC said a trader based in Latvia broke into online brokerage accounts of customers at large U.S. broker-dealers and manipulated prices in more than 100 New York Stock Exchange and Nasdaq Stock Market securities.

The Securities and Exchange Commission just took action against a trader in Latvia that hacked online brokerage accounts in the United States, costing customers $2 million.

The head of the Senate Permanent Subcommittee on Investigations called for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities from offshore tax havens such as the Cayman Islands.

The head of the Senate Permanent Subcommittee on Investigations called Thursday for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities, from off-share tax havens.

Merrill Lynch agreed to pay a $1 million fine for failing to arbitrate disputes with employees about retention bonuses related to its 2009 merger with Bank of America Corp., the Financial Industry Regulatory Authority said.

Former Major League Baseball player Douglas Mirabelli and his wife, Kristin Mirabelli, hit a home run in an arbitration dispute with Merrill Lynch this week when a FINRA panel ordered the firm to pay the couple more than $1.2 million.

A FINRA arbitration panel has ordered Citigroup to pay $24 million to a team of financial advisors formerly employed by the firm.

Amid record attendance and formidable growth in its membership ranks, the leaders of the Financial Services Institute insisted that ensuring the organization’s potency as lawmakers define a fiduciary standard for the industry is chief among their strategies and challenges for the coming year.

The regulators charged with implementing the Volcker Rule have posed 1,300 questions to the public, but on Wednesday, at a House subcommittee hearing, they fielded one query they seemingly hadn't considered.

The CFP Board is seeking input and guidance from planning professionals as it considers changing the way it currently investigates bankruptcies among planners.

inShare WASHINGTON — The regulators charged with implementing the Volcker Rule have posed a whopping 1,300 questions to the public, but on Wednesday, they fielded one query they seemingly hadn't considered.Rep. Michael Grimm, R-N.Y., described a scenario in which a foreign firm with no U.S. operations sells a security, as a part of a proprietary trading strategy, to an American firm.

More than 14 years ago, Jane Norberg worked with confidential informants in planning, organizing and conducting investigations of federal crimes. Now she's the SEC's new deputy chief of the Office of the Whistleblower.