Brokers Are Assessed By How They Adhere To The Advisory Standard
When regulators assess a broker-dealer’s operations, they will scrutinize how the firm adheres to Regulation Best Interest the advisory standard.
Recent
Cadaret Grant Agrees To $6 Million Dollar Settlement
Cadaret Grant, an investment advisor and broker-dealer, has agreed to a $6M settlement to resolve SEC allegations of undisclosed compensation.
Pacific Financial Group Agrees To Settlement Over Revised Marketing Rule
The Securities and Exchange Commission (SEC) has penalized another registered investment advisor (RIA) under its revised marketing rule.
Robo-Advisors Have Encountered Significant Challenges Since Start-Up
Robo-advisors, once touted as the next big thing in investment management, have encountered significant challenges.
FINRA Faces Lawsuit Of Its Enforcement And Arbitration System
FINRA, the industry’s self-regulatory organization, faces a lawsuit challenging the constitutionality of its enforcement and arbitration system.
The Battle Over DOL Fiduciary Rule Intensifies
The battle over the Labor Department’s contentious fiduciary rule intensifies.
Financial Advisors Barred For Investing Client's Money In Unapproved Products
Regulators have barred two former Raymond James financial advisors from the industry for allegedly investing clients’ money in unapproved products.