Law and regulation

Here's what the brokerage industry's disinformation-mongers might be telling senior brokerage executives.

Eric R. Ervin didn't take long to make a decision to leave Morgan Stanley and co-found San Diego, Calif.,-based ETF provider Reality Shares. Ervin recounts some of the challenges that he faced from the beginning of the venture and how he was able to overcome his self-doubts.

In laying out exam priorities for 2015, regulators cite mounting complexity of products and services in the retirement space.

Bill Gross said he was fired from Pimco, the first time he’s publicly confirmed that he was dismissed from the firm he co-founded in 1971.

Judge has yet to rule on board's request for summary judgment; if granted, the parties would avert trial.

Anastasios "Tommy" Belesis, the former head of John Thomas Financial, was barred from the brokerage industry for life by FINRA for trading ahead of clients' orders.

The IRA contribution limit in the U.S. is $5,500; Canada's limit is $20,000. If an investor is willing to put away that much money, why not allow it, one write asks.

Advisors in the Midwest and on the West Coast noticed information from their accounts on Pastebin, a website notoriously used for posting hacked or leaked information.

Years after being barred from the industry by FINRA, a former LPL broker is heading to prison for embezzling more than $250,000 from mostly elderly clients.

The majority of money gathered by Gross’s new fund at Janus Capital Group Inc. came from the same Morgan Stanley brokerage where his personal financial adviser works, according to the Wall Street Journal. The wealth-management office in La Jolla, Calif., routed about $700 million to Gross’s fund in October and November, the newspaper reported yesterday.

The breach illustrates the danger posed when just one employee has unauthorized or unsecured access to sensitive information, as well as the ongoing threat to financial institutions from insider theft.

The firm was sanctioned for failing to review the incoming and outgoing email correspondence of its registered reps.

The former lead counsel in the board's defense of its case against two Florida planners has moved in-house as general counsel.

Failure to align business practices with a client's needs may invite scrutiny, the regulator warned.

New laws this year likely will have an impact on retirement savings as the government faces population aging and public pension concerns.

The key to being quoted accurately - and more often - can be summed up in two words: sound bites. Developing the ability to speak and write in sound bites is essential.

A fired Morgan Stanley financial advisor accused of stealing client data never intended to sell the information and "is extremely sorry for his conduct," his lawyer said.

The event reminds firms, advisors and clients of the ever-evolving threat of data breaches. Here's what advisors should do.

Morgan Stanley fired an employee it said stole data, including account numbers, for as many as 350,000 wealth management clients and posted some of the information online.

This year will bring more municipal advisor and secondary market transparency regulation, while a newly Republican-controlled Senate could lead Congress to scrutinize and possibly ease existing laws and rules.