The Practice: Regulatory/legal issues
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June 13, 2019Merrill Lynch FAs Receive $3M Whistleblower Award Over Structured Notes SalesThe wirehouse paid a $10 million fine in 2016 over the sales of the product.No Comments
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June 13, 2019Morgan Stanley Goes After FA Who Left for RBC WealthThe wirehouse alleges that Benjamin Joel had misappropriated trade secrets.No Comments
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June 12, 2019Finra Prioritizes Enforcement Based on Harm to InvestorsThe self-regulator says settlement documents are a useful guide for broker-dealer firms with compliance issues.No Comments
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June 12, 2019Finra is Working on These Improvements to the Arbitration ForumThe SRO's director of dispute resolution talks about data transparency, diversity and unpaid awards.
Transcript Video [ 4:28 ] No Comments -
June 11, 2019Morgan Stanley, UBS, Merrill Lynch, Wells Fargo Update Parental Leave PoliciesBut some of the revised policies still deter fathers from taking their leave days, says a lawyer.No Comments
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June 11, 2019Navigating Compliance Amid SEC’s Reg BI and State Fiduciary RulesThe SEC has stopped short of preempting state fiduciary rules.No Comments
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June 11, 2019Retirement Lobby Group Says Legal Battles Over SEC’s Reg BI May Be ImminentConsumer groups and legislators have voiced strong opposition to the newly-approved rule.No Comments
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June 11, 2019Former Morgan Stanley Broker Fined, Suspended Over UITsThe advisor recommended clients roll over UITs more than 100 days prior to maturity on 900 occasions, according to Finra.No Comments
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June 10, 2019How Submitting False Expenses Gets You in Deeper Trouble Than You ThinkMore registered reps are being fired for falsifying expenses, typically around meals or car services.No Comments
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June 10, 2019UBS, Japan’s Sumitomo Mitsui Trust Form Wealth Management Joint VentureThe joint venture will offer products, investment advice and services beyond what either company is able to deliver on their own, UBS says.No Comments
