Risk

The regulator gave the firm credit for “extraordinary cooperation” despite alleging that its system failed for six years to the tune of more than $13 million.

The regulator charged RiverSource with violating a provision of the Investment Company Act that’s never previously been part of an enforcement action.

The firms respectively settled the regulator’s allegations about suspicious activity reports and the duty of best execution — two major areas of emphasis.

Firms like Morgan Stanley, Goldman Sachs and Commonwealth have made changes under the rule, but the SEC is sending tough and vague messages.

More financial advisors are accusing independent wealth managers of acting like wirehouses and other employee brokerages upon their departures.

With recent cases as teachable moments on what not to do, two of the top cops on the wealth management beat offer lessons to the industry.

Alternative investments such as leveraged or inverse ETFs, complex exchange-traded products and options remain areas of concern to the regulator.

Twenty months after a strange attempted theft outside of a New Jersey home, authorities arrested the 28-year-old employee of a Red Bank-based firm.

In a panel held by NASAA, experts from giant wealth managers explained how reps and their teams often serve as the first line of defense.