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SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.
June 16
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A federal court decision that could be subject to appeal secured Social Security benefits for certain same-sex marriages that hadn't previously been eligible.
June 8
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It’s the regulator’s largest restitution order this year.
June 4
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The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”
May 29
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The onetime CFP pleaded guilty to violating his parole after previously avoiding prison time through a plea deal in 2018.
May 26
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Firms founded by Jason Wenk allegedly failed to oversee a former advisor accused of investing clients in unregistered securities.
May 22
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Production companies claim fraudsters bilked them out of $3.5 million under the bank's watch.
May 21
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The firm allegedly provided some clients with misleading information about which charges they were actually paying for.
May 12
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The lost assets represent a big hit to the firm’s operations in the small Missouri town where the advisor was based, ex-employer claims.
May 6
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Lawsuit claims woman advisor was denied revenue opportunities and administrative support amid an alleged climate of harassment and discrimination.
April 30
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Standard General accused Tusk Strategies of “blanketing the media with false and misleading proxy materials” on behalf of a “secret client.”
April 30
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XY Planning Network and coalition of states are asking court to overturn advice regulation they say holds brokers to lesser standard.
April 23
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The policy change may prompt more defendants to reach settlements, an attorney says.
March 25
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Stipulated agreements by BDs and advisors looking to fast-track the arbitration process are becoming increasingly common.
March 24
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Wealth management firms should track the lives they impact beyond the size of their client books, KMS Financial Services CEO Erinn Ford says in an episode of Financial Planning’s Podcast.
March 17
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Some attorneys say it's welcome relief, but how long will it take to get new hearing dates?
March 17 -
After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.
March 17
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A client's lawsuit claims the snafu caused users of its app “to miss out on some of the highest single-day market gains in recorded history.”
March 5
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The client, Moises Cosio, is a filmmaker and the scion of a Mexican banking and real estate fortune.
March 5
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Five years of alleged promises, checks that never arrived, and a mysterious employee named “Tryg Nederloe” add up to a bizarre saga with wide ramifications.
March 2
