Compliance

SEC cases that go beyond faulting firms for their failure to disclose conflicts of interest have drawn pushback from the industry.

Attorneys, compliance experts and marketers weigh in on the regulator’s first update to advertising compliance in decades.

The worst fiscal crisis in decades is pitting U.S. states against one another over billions in taxes from residents working from home.

The wealth manager whose parent firm also owns an insurer and asset manager settled its third case involving the same time period.

The allegations involving 12b-1 fees, cash sweeps and commissions also include violations of best execution rules.

“We look forward to our day in court and will not be bullied by the regulatory thugs at the SEC," the firm's co-founder says.

Despite pledges, the IBD network didn’t collect enough data for suitability reviews of the outside transaction for more than five years, according to the regulator.

Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.

Maybe not, says FINRA — but if you’re IM’ing, using slides during the virtual meeting, or recording it, probably yes.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.

While FINRA rules spell out what brokers generally need to determine a client's financial situtation, there can be gray areas, an expert says.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

The rule has faced a host of criticism from investors, environmentalists, asset managers and others.

Unclear — or no — disclosures were among a number of concerns regulatory officials expressed about initial examinations.

CEO Jamie Price says the change will reduce potential conflicts of interest related to transaction fees and come with lower prices in wrap accounts.

Although in-person hearings aren’t banned outright, none have taken place since the onset of the coronavirus pandemic.

The former J.W. Cole advisor’s practice allegedly sold more than $40 million worth of unsuitable and unregistered promissory notes.

The regulator would generate an additional $225 million per year from the fee increases.

The advisor allegedly carried out a 20-year scheme defrauding at least 15 clients through forgery and misrepresentations.

The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.