Law and regulation

An arbitration panel found that a client's complaint about a former wirehouse advisor was "factually impossible or clearly erroneous."

The broad-based price reductions could force other IBDs out of business, one expert thinks.

Only time will tell if institutions that have been proactive fare best.

During questioning by Sen. Warren, FINRA CEO Richard Ketchum said the regulator may set up a new fund for "terribly harmed" investors.

The head of Wall Street's chief regulator doesn't see "why a best interest standard shouldn't apply across all products and all activities."

Research firm Cerulli Associates anticipates "unexpected changes" in the retirement space as a result of the Labor Department's proposed rule.

The SEC will want to see tailored policies and procedures if the Treasury Dept finalizes its rule requiring RIAs to set up anti-money laundering programs.

AIG affiliates were fined by a U.S. regulator for charging customers higher fees in mutual fund sales.

Voices: For smaller B-Ds, there will likely be an added cost of obtaining an unbiased assessment of the consistency, accuracy and suitability of their robo tools.

A new FINRA report warns firms they should be ready for reviews on their use of digital investment advice tools.

As head of new Office of Risk and Strategy, Peter Driscoll says his team will ramp up scrutiny.

Royal Alliance, SagePoint Financial and FSC Securities "willfully violated" securities law and breached their fiduciary duties to clients, the commission says.

The new retirement platform will support advisors who are transitioning to the fiduciary model.

The industry's leading lobbying group, SIFMA, says that the Labor Department's fiduciary proposal would result in a messy regulatory framework that could spur the SEC to restore order to the chaos.

Voices: Advisors may regret delaying their preparation for the new regulation.

A California state judge tentatively ruled that Bill Gross met minimum requirements to go forward with his wrongful-termination action against Pimco.

All advisors should familiarize themselves with the rule's likely changes to ERISA.

Banks are likely to accelerate the shedding of their in-house mutual fund businesses in light of the proposed rule.

Advisors should start getting up to speed now if they want to keep their heads above water when the rule begins to be implemented later this year, experts say.

Among the measures commission officials say they're working on is a third-party examination framework.