Law and legal issues

Under a FINRA proposal, firms with histories of misconduct would be required to set aside funds for anticipated arbitration awards.

The bank allegedly helped French clients evade taxes.

The SEC is giving serious side-eye to firms with part-time or underqualified compliance officers.

Is there a lesson for other advisors considering a career change?

Increased captive insurance coverage due to expanded business in 2018 was a primary driver of a three-year high in regulatory spending, the firm says.

Frederick McDonald Jr. is accused of failing to disclose key risk factors regarding the complex world of the cannabis manufacturing industry.

Tapping into these plans is one method used to prevent bankruptcy.

The requirement is back in the spotlight as consumer advocates and business interests face off on proposal to outlaw this key provision of customer agreements.

The Ladenburg IBD failed to spot the red flags of a barred ex-advisor who later pleaded guilty to fraud, former clients say.

Under the firm's CEO, who is also its chief compliance officer, the alleged scheme continued undetected for seven years, the SEC says.

The justices said bankers can be held liable for sending clients deceptive information written by others.

The advisors joined a former colleague at Steward Partners, an independent firm affiliated with Raymond James.

One tipster will get $37 million, the third-biggest ever for the agency's whistleblower program.

The regulator also faulted Merrill’s supervisory policies and procedures.

The case could bring unwelcome scrutiny of Wall Street's compensation and employment practices.

The firm’s founder “knowingly engaged in a multi-year scheme to mask the poor performance of one of the funds’ largest investments,” the SEC alleged.

Morgan Stanley was dragged into the family spat as father and children fought a tug-of-war over two accounts held at the firm.

It may seem like your interests are aligned but there could be conflicts.

“The more ties you cut, the better — auditors like to see a moving van and an itemized list of what was moved,” one lawyer says.

The advisor and his alleged co-conspirators made $5 million in illicit profits off misappropriated information, according to prosecutors.