The Practice: Regulatory/legal issues
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June 4, 2018Lawyers Call for Clearer SEC Definition of Best InterestMeanwhile, consumers groups call for an extension of the comment period on the regulator’s broker conduct rule.
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June 4, 2018Finra Moves to Fill Chairperson GapsNon-local chairpersons are more likely to drop off a case, and this frustrates participants in arbitration cases.No Comments
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June 4, 2018Transamerica Employee Forged Signatures — and Now She’s BannedBrokerage employee faked customer signatures on account transfer documents.No Comments
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June 1, 2018Ex-FA Indicted Over Alleged $12 Million FraudSeparately, the SEC charges another advisor with running an $8 million scam.No Comments
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June 1, 2018Republicans’ Tax Reform Boosted Financial Confidence, Report ClaimsOn average, confidence boosts were lower in higher-tax states.No Comments
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June 1, 2018Bipartisan Support Moves Unpaid Arb Award Bill Closer to RealitySen. Warren’s bill now has a Republican backer, which could increase its chances of getting passed, experts say.No Comments
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May 31, 2018Former AXA Advisors Rep Indicted Over Alleged $475K Theft from ClientsSeparately, Finra has barred a former Ameriprise advisor over unauthorized mutual fund purchases in client accounts.No Comments
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May 31, 2018Experts, Rivals Zero in on Focus Financial Partners’ IPO FilingGenerally ‘smart’ move seen to legitimize RIA model, shine light of publicity on aggregators.No Comments
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May 30, 2018FA Suing Edward Jones Hires Giant-Killer Law FirmAdvisor’s discrimination suit is being handled by firm which has won more than $300 million from firms including Merrill Lynch and Wells Fargo.Last Comment: May 30, 2018
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May 30, 2018Merrill Lynch Ordered to Pay $19M Over Alleged Supervision FailuresWirehouse allegedly failed to supervise when young beneficiaries were put into unsuitable short-term investments.No Comments
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