Compliance

Lawmakers from both sides of the aisle have proposed legislation in recent years to limit the central bank's authority.

The former RIA and fund advisor was cited for multiple fiduciary violations in a day-trading scheme, pocketing profitable trades from a pooled account while burdening clients with the losses.

The long-running battle by two CFPs against the board comes to an abrupt end.

A victory for the government would be a boost for prosecutors and the SEC.

A firm contest incentivized about 30 advisers to push lending products to clients and created conflicts of interest, according to officials.

Artificial intelligence is poised to bring dramatic change in the roles computers and humans play in regulatory compliance.

Mounting regulatory pressure will push firms to decrease the number of products available due to compliance risks, Cerulli Associates says in a new report.

From recommending wrong share classes to cherry-picking allocations, these are the pitfalls advisers should avoid.

A broker leaving a job didn't think the training he got from his former employer was sufficient. His old firm disagrees and wants the costs reimbursed.

The ill-timed Alibaba trades add to the hedge fund industry’s woes as some of its biggest and best-known firms lose assets amid souring investor sentiment.

As rules pile up, industry leaders are looking for ways to help advisers navigate what they say has become a regulatory labyrinth.

Mary Jo White also said that the commission lacks sufficient resources to provide oversight of investment advisers.

A state court judge handed a partial victory to Gross in his document quest, while also placing limits on the information that Pimco must turn over.

Bats handles about a quarter of ETF trading volume in the U.S., giving CBOE a significant beachhead.

Even as more planners see opportunities in the rule, a large cohort are reconsidering their careers.

The industry organization also recognized the innovative work of money management firms at the 14th annual NICSA/NOVA awards last week in Boston.

The firms sent letters last week praising the Financial Stability Board for shifting its scrutiny of the industry to specific trading activities.

The SEC's allegations against David Paterson were tied to a proposal to build the largest movie studio in North America.

Wells has long touted cross-selling as the reason behind its success. But revelations of a cutthroat sales culture and phony accounts have undermined its credibility.

The bank and the RIA are feuding over alleged violations of a non-compete agreement and accusations of unfair competition.