Risk

The Wall Street giant's private bank contends it had advised the plaintiffs against concentrating their money in risky investments.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.

The federal court decision ended a former Chase branch-based advisor's saga of a half dozen years after the firm alleged he broke its rules for notarizing documents.

Commissioner Danny Werfel's announcement of a massive effort "to ensure the IRS holds our wealthiest filers accountable" caught experts' attention.

The SEC accused the firm of raising a sixth round of funding even though red flags were popping up left and right.

Firms have paid out more than $2.5 billion since December 2021 for the misuse of unofficial communications channels like WhatsApp.

With market uncertainty still in the air, annuities continue to break sales records. Advisors say they work for some clients, but not all.

The Swiss banking giant will cover some 3,000 stocks and 18,000 bonds.

The federal regulator reopens the comment period for its rule on safeguarding client assets in response to its new auditing requirement for private funds.

Extra diligence on the advisor's end can help HNW clients avoid potentially disastrous lawsuits

A brokerage client's portfolio was gradually invested almost exclusively in the fund manager WisdomTree over a decade.

The Wall Street regulator tweaked how it handles frequent inspections after the GAO uncovered shortcomings in its practices two years ago.

Many advisors use real estate investment trusts to hedge against inflation while also providing steady dividend income. But private funds still provoke skepticism.

With a recession deferred but still looming, investors who exit equities now may later regret playing it too safe.

Compliance experts warn that financial advisors should prepare for new requirements relating to ESG, custody, cybersecurity, private funds and many other issues.

The criminal case follows SEC charges alleging the Kaplans bilked clients to pay for luxury purchases like handbags, watches and a matchmaking service.

Elder financial fraud has skyrocketed in recent years, but research shows that financial professionals can help fight the growing issue.

The Wall Street regulator is targeting technology that offers advice that might be against clients' best interests — even if advisors are unaware of the conflict.

After the regulator's report raised questions about fairness to investors, PIABA is seeking new rules that would require advisory firms to make it easier to file complaints.