Exclusive: Advice Period, the newest RIA platform model, offers star power and IBD qualities. Is it enough?

The biggest product in that category suffered over $161 million in outflows on Wednesday; its largest one-day withdrawal on record.

The adviser misappropriated $268,680 from the brokerage accounts of five elderly clients, one terminally ill.

With a deep résumé representing Wall Street firms, Jay Clayton is seen as a business-friendly choice not expected to push major new regulations or ramp up RIA exams.

The former broker, who pleaded guilty to securities fraud last month, allegedly promised clients returns of up to 15% and used proceeds for personal expenses.

High-value targets include client names and account numbers. Protecting the information can also protect an advisory practice from regulatory penalties.

The regulator accused the rep of writing 38 checks totaling $46,280 from two personal J.P. Morgan bank accounts that it claims did not have sufficient funds to cover the checks.

Jay Clayton represented the bank in connection with the $10 billion bailout it received in 2008 as part of the government’s $700 billion rescue of banks during the financial crisis.

The rep declined to provide the regulator with the documents and information it needed to assess allegations that he misappropriated bank customer funds.

Black employees at the firm say lucrative client accounts were often steered toward financial advisers who weren’t black.

While clients have only pulled a net 2% of assets so far,some have predicted the industry would shrink by roughly a quarter over the next year.

How the new regulation will affect a planner’s advice.

Critics say the regulation's costs and hurdles will hurt advisers. But there's another side to the story.

The brokerage firm processed a number of securities transactions that facilitated conversions of foreign currency from or into U.S. dollars, FINRA claimed.

The adviser had been employed with the firm for seven years prior to her dismissal, and had no disclosures on her BrokerCheck record.

Charles J. Dushek allegedly made trades without designating in advance whether he was trading personal money or client assets.

The industry's trajectory is being permanently altered. Here's why.

The regulator said "significant deficiencies" affected hundreds of millions of records.

The firm was accused of using transactions with an affiliate to reduce the amount it was required to keep in its customer reserve account.

Millions in clients' funds was steered into a sports ticketing business.