Law and regulation

Will Chief District Judge Barbara Lynn be the first to rule against the regulation? Opponents of a case in Texas federal court have high hopes.

The bank may be on the hook for hundreds of millions of dollars in tax penalties, lawyers say.

With a close watch on the policies from incoming President-elect Donald Trump, industry leaders and analysts share their predictions for industry trends in 2017.

As brokers seek to redefine their value proposition, advisors need to rethink theirs.

Despite expected industry constriction, a number of leaders see opportunities in employing technology, innovative products and even strategy toward regulation.

Arbitrators also rejected the former adviser's counterclaims for $51 million in damages.

An arbitration panel ordered the wirehouse to settle the latest dispute stemming from client investment losses tied to the island commonwealth's massive debt crisis.

The problem began when a hyperlink was missing from where clients were accustomed to reviewing their transactions online.

President-elect Trump will likely to be "bond unfriendly" because his proposals will drive up yields by increasing national debt and stoking inflation, Gundlach predicts.

Just 23 of more than 1,750 funds that trade in the U.S. focus on currencies. BlackRock has none.

"An investor should move to cash and cash alternatives," he advised.

The firm detailed its compliance plans while acknowledging that the regulation could be changed under President-elect Trump.

Its managers are debating whether it's time to move away from so-called secular growth companies.

Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.

A FINRA panel ordered the wirehouse to pay damages to two former clients who invested in Puerto Rican municipal bonds and closed-end funds.

The ongoing trend to passive or smart beta products will continue, according to Maxwell Gold, the director of investment strategy at ETF Securities.

The catalyst is Trump, whose election, according to Macquarie Group analyst David Konrad, will usher in a "new world order" for the industry.

The regulator, in a proposed final judgement, wants the former planner held liable for $123,000 spent on golf outings, shopping and cruises.

She is the third generation to control the company and, like her family members, has maintained a low profile despite the reach of the firm’s mutual funds.

Advisors Asset Management CEO Scott Colyer says loosening regulatory reigns may free up spending previously directed toward compliance.