Law and regulation

The litigator and Washington lobbyist, who will oversee strategic direction and diversity initiatives, does not hold a CFP.

Larry Werbel, head of Evolution Partners Wealth Management, intends to plead not guilty on charges that he was paid off by an ex-convict to lure clients into worthless investments, his lawyer says.

Retirement trade group pitching Labor Department on changes to protect commission-based advice and proprietary products.

Third Avenue Management, which took the rare step of freezing redemptions in a distressed debt mutual fund last month, saw investors also pull money from its equity funds, contributing to a 21% decline in the firm’s assets last quarter.

The regulator's Office of Compliance Inspections and Examinations plans to beef-up focus on longstanding areas of concerns in the RIA and brokerage space.

J.P. Morgan Securities agreed to pay $4 million to settle the charges, according to authorities.

The regulator puts industry on notice that examiners will be looking for "visible actions" firms have taken to establish a client-first culture..

The former rep allegedly stole more than $26,000 from four bank customers by making unauthorized ATM withdrawals from their accounts.

The robo "threat" may work itself out, says one expert, but that could take a long time. Plus, it's not the only pressure bank advisors are facing. We'll offer more details on these demands in the days to come.

FINRA's system for ensuring the integrity of advisors’ BrokerCheck records is broken but can be fixed, securities lawyers and other experts say.