Risk

The regulator didn’t provide any explanation for the much larger payout, but it did release another similar settlement the following day.

Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”

OU’s law school enlisted a former player from one of its fiercest rival schools to help students understand how to avoid the pitfalls of misconduct.

They say a prolonged period of volatility will require more creative solutions to find returns and stave off losses.

Despite industry criticism, the regulator’s ongoing wave of cases has expanded into allegations that wealth managers breached their duty of best execution.

The firm and a former rep recommended a course of actions that helped the wirehouse and hurt the customer, according to the FINRA arbitration case.

The advisor failed to disclose the low-interest loans he received from a fraudulent crypto securities issuer in exchange for selling the products, investigators say.

The settlements pose an impact to the firms accused of neglecting their Form CRS, but not to giant wealth managers bracing for stronger enforcement.

The Synergy RIA Compliance Solutions founder shares how advisory practices can handle the most important regulatory tasks when going independent.

A former Chase bank-based financial advisor won the arbitration award as critics say giant brokerages abuse U5 termination disclosures.

Board members and executives from FSI share updates on its legislative agenda, their thoughts on private equity investing and insights into other key industry topics.

About 20% of FINRA client arbitration awards are unpaid every year, but there are signs that the former First Standard clients could receive some restitution.

German Nino concealed fraud losses totaling $5.8 million through fake account statements and other doctored documents, investigators say.

A client received damages, interest and attorney fees as wealth managers await more fallout from a major fraud case.

CEO Robert Cook discussed the regulator’s priorities for 2022 as clients and the industry await action in three key areas.

A 53-year veteran broker who filed a complaint as a client after airline stock values plummeted has received a $595,000 settlement.

The regulator has charged about 100 other wealth managers with failing to explain 12b-1 fees tied to their mutual fund recommendations.

Raymond James resolved a million-dollar arbitration claim that won’t appear on anyone’s BrokerCheck, thanks to the panel’s decision.

The combination of technology and rising client interest in digital assets are ratcheting up the risks to investors, according to NASAA.