Some privacy advocates worry that the Cybersecurity Information Sharing Act could do the opposite of what policymakers intended and flush more of consumers' sensitive information out into the open.

The former advisor swindled 22 clients out of their funds, telling them that they were investing in tax liens when he was really using the money to pay his bills, authorities claim.

Arizona Cardinals linebacker Dwight Freeney defeated a bid by Bank of America and its Merrill Lynch unit to dismiss, among others, fraud and negligent misrepresentation claims stemming from the bank's recruitment of him in 2010 to manage his assets.

Chief executives from BofA and PNC raised concerns about the conduct of data aggregators and particularly how well they protect customer data.

Founders are the biggest offenders when it comes to ignoring these procedures.

The New York Department of Financial Services' letter indicating potential cyber rules are prompting concerns that the state's plans could lead to more stringent measures throughout the industry.

Technology adoption by managers is being driven by the need to become more operationally efficient, client demands for bigger returns and the peril of falling behind of regulator demands, says the head of one asset management firm.

The Cybersecurity Information Sharing Act, which has advanced far on Capitol Hill, promises to help businesses and government thwart cybercriminal attacks. But privacy advocates say the bill would make misuse of consumer data even easier.

Settling charges that it had used false performance claims regarding an ETF-linked strategy, Virtus Investment Advisers agreed to pay the SEC $16.5 million in penalties.

Advisors using digital advice tools must implement compliance best practices to help mitigate areas of risk that technology — like a double-edged sword — can both cause and combat.

Though a majority of firms agree investments in technology are necessary to remain competitive, just over a quarter are actually making that investment.

The hefty penalty is one result of an SEC investigation into performance claims of the AlphaSector ETF-linked strategy.

Wyatt takes the job after heading OCIE on an interim basis as the commission struggles with advisor exam cycle.

Officials should ask "whether these new robo advisors can be neatly placed within our existing laws," SEC commissioner says.

State alleges Realty Capital Securities employees impersonated shareholders to game proxy votes and advance management agenda.

The agency is using data analytics to scrutinize broker-dealers and advisors who are recommending an increasingly complex array of products.

SEC Chairwoman Mary Jo White says they are working on a fiduciary rule, but declined to provide a timeline, saying it's "not a short, quick uncomplicated rule making."

Attorney Alan Foxman answers readers most pressing regulatory and compliance questions, including from one advisor who ran into troubles after being given authorization by a client to make trades on their behalf.

Indian regulators plan to allow online marketplaces such as Flipkart and Amazon.com to offer funds alongside other products

United Capital anticipates adding $1.5 billion in assets in buying Select Financial Group and PSA Insurance & Financial Services.