Law and regulation

The brokerage firms failed to waive mutual fund sales charges for certain charitable and retirement accounts, FINRA says.

Mike Greene will serve out the term of Joe Votava, who resigned earlier this year as chair-elect due to personal and business reasons.

Analysis: The original version put financial advisors under onerous requirements that I have not heard of any other industry having, writes recruiter Michael King.

Bill Gross, who has been running the $1.5 billion Janus Global Unconstrained Bond Fund since leaving Pimco last year, is getting a co-manager.

Face-to-face effort is one reason why BMO Global Asset Management has amassed $249 billion in AUM, with established footprints not only in Asia but even in the oil-rich Middle Eastern Gulf nations.

Lord Abbett applied with the SEC to create an interfund lending facility, the second such move by a large money manager in the past week.

Seniors are increasingly vulnerable to financial abuse. Advisors have a growing role to play in helping stop it.

Amid persistent criticism from industry groups, a Labor Dept. official says the comment process will be pivotal to getting the fiduciary proposal right.

Bill Gross joined the growing ranks of money managers expressing concern that a decline in liquidity could exacerbate losses for fund investors during a market decline.

Troubles never go away when it comes to disclosures made to FINRA. Plus, an advisor did his securities research for a client event, and still got flagged by compliance.

Opponents warn definitions are overly broad and call on advisors and brokers to make their voices heard at the Labor Department.

JPMorgan sued six former executives who defected to rival Morgan Stanley, seeking a court order blocking them from enticing clients to follow.

Antitrust officials at the Justice Department are investigating trading related to Treasuries, people familiar with the matter said earlier this month, without specifying what sorts of trades are drawing scrutiny.

Compliance experts Brian Hamburger and Robert Molinari offer up best practices for preparing for SEC and FINRA audits.

The fiduciary rule proposed by the Labor Department this spring is taking up most of the spotlight.

Bad retirement advice forced a woman to take a job earning little more than minimum wage to make ends meet, her lawyer says.

The commission ups its scrutiny of retirement-focused advisors and broker-dealers as elder fraud skyrockets, securities lawyer says.

Brian Ourand, former president of SFX Financial Advisory, stole $670,000 from clients, the SEC alleges; his former CCO and SFX agree to pay fines to the SEC.

Robert Arnott, CEO of Research Affiliates, says the asset management industry has to change its mindset toward innovation in order to remain competitive.

Rhode Island asset manager Michael Riley has asked the SEC to examine the Providence, R.I., pension fund over a $62 million spike in its unfunded liability.