The agency will send several dozens agents to make at least 800 face-to-face visits in February and March of this year.

For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.

The commission “failed to enact a meaningful conduct rule,” state regulator William Galvin says.

Undisclosed payments from alt managers should have been explained to clients in Form ADV, the regulator says.

The wealth manager claimed bank management knew a customer had a history of sexual harassment, but allowed him to continue doing business at the branch anyway.

The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.

They are advised to consider making amendments if they want to take advantage of temporary tax provisions that Congress extended retroactively in December.

The agency is seeking additional information from the firms as well as competitors and advisors.

Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.

“It’s like nuclear fallout. The bomb didn’t drop on you but you were within five miles of it," said Alan Johnson, managing director of compensation consultant Johnson Associates.

Faced with the retention risk from the RIA-only channel, firms are trying to alter their company cultures and questioning traditional approaches.

Relief comes as a result of the short notice firms were originally given to comply with the Secure Act, the agency says.

The IBD advocacy group expects no letup in enforcement by the regulator — with wide ramifications across wealth management hanging in the balance.

Make sure not to confuse it with the SEC’s self-reporting program.

President Jim Fitzpatrick plans to address changing approaches to distribution and data management, and place more focus on diversity and inclusion.

It’s been a long tail for the firm that began with the 2016 revelation that employees had opened millions of fake accounts to meet sales goals.

“The bank had better tools and systems to detect employees who did not meet unreasonable sales goals than it did to catch employees” engaging in misconduct, the regulator said.

The FTC wants buyers and sellers to identify their largest shareholders, the extent of their influence and any communications they’ve had, sources say.

The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.

FINRA blocked the influential advisor and wealth management entrepreneur on one case, but an arbitrator backed him on another.