Regulatory guidance

Undisclosed payments from alt managers should have been explained to clients in Form ADV, the regulator says.

The SEC examined approximately 2,180 RIAs in 2019.

While these 20 dizzying changes will throw some for a loop, financial advisors and their clients grow more powerful each year.

The fact that it’s impossible to track the amount of revenue sharing kickbacks demonstrates the problem, says the research firm’s lead policy wonk.

With tens of thousands of certificants affiliated with giant BDs, the documents required by the new standards are making their conflicts of interest plain as day.

The regulator is doing more with less but also missing its own goals around how long an investigation takes to result in an enforcement case.

The cases allege unsuitable recommendations of LPs issued by affiliates of GPB Capital, which faces multiple investigations.

In a little-noticed rule change, mutual funds no longer disclose their shrinking BD commission load-sharing payments.

NASAA’s annual survey of regulators sheds light on legal proceedings against BDs, RIAs and unregistered firms that often go unnoticed in the wider industry.

They’re grinding forward with changes, even as complicating factors emerge ahead of when the rule takes effect next year.

Even though many of its members weren’t satisfied by the SEC’s rule, NASAA praises the inclusion of a requirement to consider costs in a recommendation.

The IBD trade group launched a public campaign after more than 80 cases this year alleging inadequate disclosure of mutual fund fees and compensation.

Judging from what promoters of insurance products can say in their marketing materials, not so well, writes Ethan Schwartz.

The chairman says the commission is working closely with FINRA on inspection plans to hold brokers to account.

The No. 1 independent broker-dealer failed to properly register more than 650 reps as agents, the prominent state regulator says.

The SEC clarifies what's permissible under the new regulations, the latest sign of the confusion it created in the advisory industry.

The regulations cut back on some forms of conflicted compensation. Here's what else to expect.

The new rule package will require firms to take a hard look at their compliance programs.

Consumer advocates may turn to state regulators in hopes they’ll pass more stringent rules.

TD Ameritrade’s Skip Schweiss says the proposal — if approved by the SEC this week — could alter the competitive landscape.