Regulatory actions and programs

A federal judge categorically rejects claims by an insurance group that the agency overreached. The ruling "sets the tone" for other suits nationwide, an investor advocate says.

While a federal court allowed the organization to file a brief saying it upheld fiduciary values, it should not be providing expert opinions, writes the founder of a fiduciary consulting firm.

Friends and business associates lost $2 million in a Ponzi-like scheme.

The advisers made the move in the wake of new regulatory guidance which takes aim at recruiting deals.

Regulator comes down hard on compliance failures; additional $6.3 million must be paid back to investors.

Following Commonwealth Financial Network's decision to cut its commission-based retirement business, some competitors head in the opposite direction.

The recording casts doubt on the CFP Board's claim that all CFPs are fiduciaries.

FINRA plans to add 1,000 new arbitrators this year to improve its troubled dispute resolution process, but offers few new details on some of its largest challenges.

The regulator is asking firms to provide details of their cross-selling programs, including incentives offered brokers and other employees.

The decision is effective immediately and was made within hours of the Department of Labor issuing new regulatory guidance on the fiduciary rule's implications.

That extra back-end comp "can create acute conflicts of interest," the Department of Labor says in newly provided regulatory guidance.

Lawyers will likely become "very industrious … and once the trial bar is on to something, you know regulators will look,” a Schwab exec predicts.

"We fully expect to offer a range of options to help our clients," CEO Paul Reilly said.

Unlike its rival, Morgan will keep commission-based retirement accounts under the new regulation's best interest contract exemption.

Wirehouse system and supervisory failures are just the start.

CEO Wayne Bloom says the threat of lawsuits in the wake of the new regulation prompted the change, which could be a first among IBDs.

Regulators are looking to ensure Wells Fargo’s scandal over unauthorized customer accounts isn’t being repeated at other institutions.

Wells Fargo appears to have offered two different reasons for why it failed to inform investors about the investigation into 2 million phony accounts.

The regulator proposes new rules to protect aging clients.

Paul T. Lebel excessively traded shares that carried large front-end loads and "willfully disregarded the customers' interest," the agency said.