Regulatory guidance

Advisors who should self-report a violation — but don’t — could face enforcement actions.

The broker also purportedly neglected to disclose an outside real estate business to BBVA, FINRA said.

Compliance experts stress the importance of working out a game plan for how to handle an exam before the feds come knocking.

Even after a federal appeals court struck down the rule, more clashes over the regulation of sales versus advice are inevitable.

While some are mainstays, there are a few new ones to add to the list this year.

The agency is using alternatives to enforcement actions such as targeted exams, deficiency letters and a self-reporting initiative.

Funds that experienced poor performance and registered investment companies with little management experience are among those that may be under scrutiny.

The second-largest independent broker-dealer overcharged nearly 1,800 retail retirement accounts, the regulator says.

The rep borrowed $528,000 from a SunTrust client without the bank’s prior written approval, FINRA alleged.

Commission officials put the industry on notice about self-reporting: financial advisors must comply or face harsh punishments.