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.

Despite a ban, firms still offer clients money to not fight brokers' bids to purge their public records, lawyers say.

The dispute reflects a growing strain on the protocol as many firms are moving to set stricter in-house rules.

Two planners were barred from the industry for allegedly employing "deceptive, fraudulent and manipulative devices and schemes," while another had converted, or taken, funds from a client's estate and trust.

The advisor and portfolio manager argued that because Barclays failed to live up to its promises he should be relieved of any obligation to repay the signing bonus he received.

The firm fleeced customers of roughly $8.6 million by allowing more than 6,100 unsuitable mutual fund switches to occur over a five-year period, FINRA said.

The Federal Reserve is looking for advice and insight into how it might improve its annual stress testing regime, but banks and industry observers say the central bank is unlikely to touch the aspect of the tests that bothers them most: its secrecy.

The Federal Reserve is looking for advice and insight into how it might improve its annual stress testing regime, but banks and industry observers say the central bank is unlikely to touch the aspect of the tests that bothers them most: its secrecy.

Vineer Bhansali is leaving Pimco, where he was a managing director specializing in quantitative portfolios, to start his own investment firm.

Anthony Percora, a former SEC attorney, will develop all policies and procedures related to the firm's compliance program.

The bank agreed to settle investor claims that it hid from them as much as $6.2 billion in losses caused by a trader dubbed the London Whale.