The regulator was looking into allegations that he structured transactions in his personal bank account to avoid federal reporting requirements.

Despite expected industry constriction, a number of leaders see opportunities in employing technology, innovative products and even strategy toward regulation.

Former Department of Labor officials allege systemic breakdown of whistleblower protection; two also handled Wells Fargo cases that went nowhere.

The president-elect's nominee will help decide the fate of the department's fiduciary rule.

The industry trade group is also calling on regulators to harmonize existing rules.

The model for financial advice "is primed and ready for change," says Cetera CEO Robert Moore.

The potential for the fiduciary rule to be scuttled by the Trump administration helped drive the decision, sources say.

Further shifts in broker pay could be possible as the industry moves to comply with the fiduciary rule and the Department of Labor issues new guidance.

The marketplace may be the ultimate arbiter of the regulation, say MarketCounsel conference experts.

Arbitrators also rejected the former adviser's counterclaims for $51 million in damages.

An arbitration panel ordered the wirehouse to settle the latest dispute stemming from client investment losses tied to the island commonwealth's massive debt crisis.

Anticipation of auto enrollment features is expected to change the way advisers serve their clients.

President Dan Arnold will be tasked with managing the rollout of new digital technologies and implementing the fiduciary rule.

The problem began when a hyperlink was missing from where clients were accustomed to reviewing their transactions online.

President-elect Trump will likely to be "bond unfriendly" because his proposals will drive up yields by increasing national debt and stoking inflation, Gundlach predicts.

The firm’s review process is called "paper-thin" after an adviser is charged with selling retirees unsuitable variable annuities and fabricating client information.

"An investor should move to cash and cash alternatives," he advised.

The new leadership approach differs from almost all of the bank's biggest competitors.