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The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.
February 27 -
For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.
February 24 -
The agency is seeking additional information from the firms as well as competitors and advisors.
February 6 -
“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.
February 6 -
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.
January 27 -
“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.
January 24 -
The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.
January 23 -
Trade groups warn that a proposal could end commissions in the state and play into a "fractured" regulatory environment nationwide.
January 15 -
The advisor was charged with overbilling clients by hundreds of thousand of dollars and diverting millions from the company’s payroll to his own account.
January 7 -
The firm’s supervisory systems did not identify brokers who recommended clients engage in potentially unsuitable early rollovers of UITs, the regulator said.
January 2