Litigation

The Wisconsin wealth manager persuaded more than a dozen clients to put roughly $1.9 million into 'unrated, illiquid, high risk, and potentially speculative' investments. But he never made the investments.

Even if advisors get a disclosure removed from their records, the damage done online can be difficult to manage.

Gary B. Gross faces nine counts of sexual exploitation of a minor and the loss of CFP credential after he said he stumbled on old files.

Deloitte Financial Corporate's settlement over recordkeeping allegations probably would have been bitter had the company not cooperated.

FINRA warned brokers in its latest annual report about not being fully up to speed with the client-care rule.

The Federal Trade Commission's proposal would not extend to non-solicitation clauses, which are far more common among brokers and advisors.

Behind the broker-dealer regulator's proposed changes to its system for resolving disputes lies a lawyer's long-simmering feud.

Christopher Parris also pleaded guilty to fraudulently trying to sell COVID masks to the U.S. government and private businesses.

The eight defendants in the federal investigation stand accused of making more than $100 million from manipulating stocks on social media.

Crypto boosters are quick to caution jittery investors that other, better-regulated industries have not been immune to scandals.

For several years after the breakdown of a deal to sell a practice for $3.6 million, the parties have been accusing each other of violating the terms.

Regulators' amendment would prevent dealers who have been found liable from even trying to get records erased.

Agency's critics say many companies still see their settlements as a cost of doing business.

CFP Board is seeking to preserve "adversarial principles" in proceedings before its disciplinary and ethics commission.

The justices' decision in SEC v. Cochran could ultimately reduce the power of administrative law judges over advisors and broker-dealers.

In a twist, recent class actions blame 401(k) advisors for not putting investors' money into higher cost, better performing investments.

Why industry veterans Christopher J. Asher, Jason D. Cooke and Vincent J. Camarda, charged in separate cases. will go by "defendant" and not "CFP."

Joshua David Nicholas adds federal charges to a long list of fines, citations and ejections from the industry.

James Iannazzo will sidestep criminal charges and enter a rehabilitation program that puts him under supervision for one year.

Shawn E. Good has been an advisor for more than 30 years. He is now barred from the industry by FINRA.