Regulatory actions and programs

Market forces have wrought changes that can't be repealed, according to champions of the rule.

The rep initially alleged his wallet had been stolen and someone forged his signature. He later claimed he must have been drugged.

The broker allegedly sold $285,250 worth of shares to four investors.

While women are far less likely to engage in misconduct, they're punished much more harshly for any infractions, per a new study.

The firm was also ordered to pay $62,807 in restitution to affected customers, plus interest.

The broker slashed her payment by pressing for funds she said the firm promised but never paid.

Stocks and Puerto Rican bonds are the focus of many cases among clients, advisers and firms.

Andy Sieg, head of the firm, had previously indicated that he was open to rethinking aspects of the firm's efforts to comply with the regulation.

The five-time San Antonio Spurs champion is willing to testify against his former longtime planner, according to the team's lawyer.

The firm is one of the first to issue a formal comment letter on the Department of Labor's proposal to put off the regulation's implementation date.

"The number of enforcement cases is likely to be down considerably going forward," said Urska Velikonja, a law professor at Emory University.

The acting head of OCIE says the commission has abandoned "wide, full-scope" scrutiny in favor of more targeted, risk-based reviews.

The wirehouse has already paid $415 million in fines and disgorged profits in a settlement.

Hope is dimming, but top Democrats like Sen. Elizabeth Warren and investor advocates are unlikely to relent in their efforts to preserve the regulation.

"To me, that rule, it was about one thing and it was about enabling trial lawyers to increase profits,” acting Chairman Michael Piwowar says.

The transactions cost the client $575,000 in fees and lost dividend payments, according to FINRA.

The increase was due to the rise in the size and number of "supersized" fines of $1 million or more; meanwhile, restitution fell 71% from the previous year.

The department says it needs time to complete a review of the regulation ordered by President Trump, who also recently outlined criteria for reversing the rule.

When an adviser’s Spidey sense tingles, there’s usually a good reason, Kimberly Foss says.

The deputy director of the agency's examinations unit, however, cautions that any such effort must be carefully coordinated.