Law and regulation

With a proliferation of mobile devices, developers are offering tools that keep compliant records of all types of digital communications.

Golub Capital is shutting down a $150 million credit-hedge fund that invested in distressed debt, following the market’s worst rout since the financial crisis.

A manager of an errant broker finds himself the target of regulators and asks our compliance columnist: What could I have done differently?

In 2015, FINRA slammed offenders with $46.3 million in sanctions for suitability-related infractions, nearly six times the $7.9 million it imposed in 2014.

Few investors receive arbitration awards, PIABA says, while proposing a national recovery pool.

SEC officials warn many advisors and brokers have next to no cybersecurity policies in place, exposing them to data breaches and potential enforcement actions.

The client originally sought $18 million for breach of fiduciary duty and churning among other alleged wrongdoing.

During the transition in independence, avoid running afoul of legal breaches and other quicksand that can drag you down.

Few independent firms will be unaffected by the change, and if they don’t get cracking, they may "find themselves in a costly and time-consuming game of catch-up," argue Robert Cirotti and Gabriel Garcia of Pershing.

As part of a multi-year initiative, the commission has unearthed numerous deficiencies in how advisors and brokers work with and market to clients planning for retirement.