The Practice: Regulatory/legal issues
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October 12, 2018Raymond James Loses Motion to Dismiss Class ActionThe case relates to a claim that the firm allegedly charged unauthorized commissions disguised as processing fees.No Comments
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October 11, 2018Forget the DOL, This State Will Have its Own Fiduciary RuleOther states could follow with their own rules, which may conflict with the SEC’s proposed Regulation Best Interest.No Comments
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October 10, 2018UBS Advisor Explains Why He Likes Multi-employer PlansAnything that expands access to plans is a good thing.
Transcript Video [ 4:18 ] No Comments -
October 10, 2018Fired Morgan Stanley Advisor BarredThe wirehouse fired the broker over alleged impropriety handling a trust account, and a single trade.No Comments
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October 10, 2018Non-Parties Get Arbitration Response Time ReliefNon-parties would have 15 days instead of 10 to object to an order or a subpoena.No Comments
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October 10, 2018JPMorgan Fires Advisor Accused of Improperly Collecting 10 Times the Normal FeesBut the broker continued working for three months after it had settled a complaint alleging unauthorized trading.No Comments
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October 9, 2018Wells Fargo Sued for Breach of Fiduciary Duty in Churning AllegationsOne rep racked up almost $600K in commissions.No Comments
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October 9, 2018Watchdogs Want Heightened Supervision for More Broker-DealersVast majority of reps at firms that do have such supervision plans have no complaints reported against the reps.No Comments
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October 9, 2018Why Voya’s Cybersecurity Breach Settlement is a Cautionary Tale for All AdvisorsThe company had policies and procedures to thwart cybersecurity attacks but failed.No Comments
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October 9, 2018Broker-Dealers Must Measure and Reward Diversity GoalsThese CEOs say they set the tone from the top.Last Comment: October 9, 2018
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