The Practice: Regulatory/legal issues
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April 10, 2018Morgan Stanley Hit With $9 Million Suit Over Site AccessibilityLegally blind man says company’s websites can’t be read by commercially available screen readers.No Comments
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April 9, 2018Clients Sue Edward Jones Over Getting Switched to Fee-Based AccountsLawsuit alleges that clients in dormant accounts ended up paying higher fees than what they would have paid in commission-based accounts.Last Comment: April 9, 2018
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April 9, 2018Scottrade Wants Fiduciary Suit in Federal CourtCompany says Massachusetts Securities Division’s suit wants to enforce the now-vacated DOL fiduciary rule.Last Comment: April 9, 2018
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April 6, 2018How LinkedIn, Facebook and Twitter Can Help or Harm Your BusinessSocial media is a great place to pick up clients – if you stay within the confines of securities law.No Comments
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April 6, 2018UBS Pushes Advisor Lawsuit to Federal CourtThe suit had been filed by a former UBS advisor in the employee-friendly California state court.No Comments
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April 6, 2018Wells Fargo Wealth Unit Steered Clients to Pricey Products, Inside Sources SayWealth management division engaged in similar pushy sales tactics that landed Wells Fargo’s bank in trouble in 2016, sources tell Bloomberg.Last Comment: April 8, 2018
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April 5, 2018Insurance Group Re-Opens Comments on Fiduciary LawFollowing the defeat of the DOL’s fiduciary rule the NAIC opts for more suggestions on its model law.No Comments
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April 5, 2018Merrill Lynch Gives Up Blocking Former FAs from ArbitrationWirehouse dropped nine cases seeking to prevent former advisors from Finra arbitration over alleged $400 million in losses.No Comments
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April 5, 2018These BDs Will Work to a Fiduciary Standard, DOL Rule or NotMany broker-dealers are forging ahead with changes related to fiduciary standard, regardless of DOL rule’s fate.Last Comment: April 5, 2018
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April 5, 2018FAs Should Take Advantage of 12b-1 Reporting AmnestyAdvisors can avoid additional penalties if they self-report conflicts before June 12.No Comments
