Other states are likely to look to Massachusetts for guidance on how far they can go in holding broker-dealers to a higher standard than Regulation Best Interest.

Mario Rivero pleaded guilty in February to swindling five clients out of more than $600,000.

The federal regulator reopens the comment period for its rule on safeguarding client assets in response to its new auditing requirement for private funds.

Commissioner Hester Peirce warns an unintended consequence of the new regulation could be less thorough internal compliance reviews.

According to the SEC, agreements that violated the cash solicitation rule generated 66,000 new clients and $300 million in AUM for the offending firm.

A lawyer representing Keith Todd Ashley argues prosecutors overreached in arguments used to obtain life sentence against his client.

A brokerage client's portfolio was gradually invested almost exclusively in the fund manager WisdomTree over a decade.

One provision of the six-part package applies to all registered advisory firms, and compliance experts say the guidelines could prove costly for smaller companies.

Banks are holding their fintech partners to a higher compliance standard as regulatory scrutiny of banking-as-a-service increases.

Titan Global Capital Management was charged with using misleading metrics in its advertising for more than a year.