Law and legal issues

The regulator skips creating a fund for investors with unpaid arbitration claims, despite raising hopes that it might.

The regulator accused the firm of collecting excess mutual fund fees by steering clients into more expensive share classes.

The new recruit joins after the regional firm paid $150 million to settle a lawsuit brought by an SEC receiver.

Three firms have fired the broker, whose former clients have won $494,000 in settlements.

The broker’s written promise of 7% returns on a variable annuity made for a simple case, the lawyer for the claimant says.

On the heels of a record-breaking year in enforcement, the regulator takes aim at cybersecurity, anti-money laundering policies and protection for senior clients.

The settlement is the third major regulatory payment the BD has incurred in the past year. A branch manager associated with the Jay Peak case has also left the firm.

The firm won a rejection of her $1 million claim, promissory note damages, legal fees and interest.

The regulator now has punished just one known person associated with the bank's admitted nationwide fiduciary violation: the RIA who flagged abuses.

The family claims that the holdings in their trusts were overly concentrated in the shares of the once prominent publicly listed company that that went bankrupt in 2015.

Payment of back wages is ordered as well as reinstatement. A second reinstatement may also be in the works, Financial Planning has learned.

Awards and settlements are piling up even as the U.S. wealth management unit reports record profits.

The former Barclays broker still owes more than $460,000, a FINRA arbitration panel ruled.

A roundup of planners and brokers who drew regulatory scrutiny for alleged misconduct.

A FINRA arbitration panel decided that an amendment to the adviser’s bonus loan is “unenforceable.”

A federal judge issued a restraining order and a temporary asset freeze against the former broker.

There are risks to this approach, however.

A federal judge ruled that the ex-Barclays advisor had been unfairly forced into FINRA arbitration, where a panel had ruled against him.

A new rule addresses double jeopardy, but doesn’t apply in older cases.

The broker slashed her payment by pressing for funds she said the firm promised but never paid.