Compliance

NASAA President Joseph Borg also vowed to work with SEC Chairman Jay Clayton’s team on improvements to the Regulation Best Interest proposal.

The CFP Board’s new code of ethics should be celebrated for embracing the fiduciary concept — will the standards be strengthened even more in the future?

Many of the employees who were dismissed worked in the firm’s brokerage unit, according to the allegations.

In addition to being fired, advisors could also face suspension and fines — all from the carelessness of not carefully reading one simple question.

The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.

Miguel Ballestas was discharged from the firm after allegations of insider trading.

State regulators and the No. 1 IBD struck a settlement after investigators found the firm guilty of negligence and a failure to supervise.

The commission's frequently asked questions come six weeks ahead of the deadline to self-report placing clients in high-fee share classes.

Allegations of undisclosed private securities transactions by a former advisor followed two significant mutual fund cases involving the IBD network’s practices.

Leading trade groups counter a request from AARP and three states for fiduciary rehearing, in hopes that the circuit court's rejection will be the last word on the regulation.

The products have grown in popularity after undergoing significant changes in recent years.

New legal analysis suggests that the rules would add "teeth" to broker-dealer regulation.

How often should CCOs pay a visit to branch offices?

An unregistered advisor with little investing experience raised $1.4 million from family and friends and then squandered the money on bad investments, federal prosecutors say.

Jamie Price doesn’t expect the firm's advisors to have any problem with a new standard after taking steps to comply with the more restrictive DOL rule.

“The broker-dealer world has tried to hang their hat on suitability, and if you close your eyes a little and squint, they almost look like fiduciaries — but not really,” one advisor says.

If it's not uniform, and it's not a fiduciary standard, then it is at best a modest step forward, investor advocates say.

It appears the regulator bought into the investor choice argument of sales reps right from the beginning.

The claim alleged negligence, fraud and misrepresentation, according to the regulator.

The commission's new risk alert focuses on fees and expenses and amplifies its focus on disclosures and compensation structures.