Law and legal issues

BrokerCheck is potentially missing critical information clients need to evaluate brokers, investor advocates say.

Although FINRA cannot investigate potential wrongdoing by these former employees, state regulators are expected to do so.

The Philadelphia-based firm takes round one in a complaint involving Broker Protocol and debt issues.

A disgruntled client is poking at the firm’s low returns from its default sweep program, as well as its disclosure around the practice.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.

The demands come following a Financial Planning investigation revealing how JPMorgan’s Chase Private Client group used false evidence to get rid of an advisor.

The rule unfairly gives brokers a leg up in the marketplace, harming the network’s 1,000 independent advisors, the firm claims.

Even though many of its members weren’t satisfied by the SEC’s rule, NASAA praises the inclusion of a requirement to consider costs in a recommendation.

It’s the latest victory for brokers fighting to reclaim pay withheld by a former employer.

The agency's goal of trying to recover client losses allows advisors accused of fraud to decide who'll manage their clients’ remaining assets.

The discount brokerage says the advisor’s primary duties after his notice of resignation were to “make himself available” to help transition his clients to other brokers.

The document further complicates an ongoing lawsuit that has already led to lost revenues at the leading turn-key asset management platform.

Due to a 2010 FINRA rule change the answer is — with difficulty.

Claims and counterclaims fly as arbitration panel orders an advisor to repay $1.66 million in promissory notes, but that's not the last word in this nearly five-year long dispute.

A pastor was falsely arrested for check fraud because of errors made by Wells Fargo employees. Now, he may be forced to resolve legal claims against the bank in arbitration.

John VanEngelenhoven, who had worked at Schwab for 14 years, custodies with rival TD Ameritrade at the new firm.

One of the clients who filed the claim is still trying to withdraw money from non-traded investments he says were never explained to him.

Clients who outlive their retirement savings are among those most at risk.

Advisor Andy Saeger reportedly reached out to two clients via email and a LinkedIn message.