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June 4, 2018

Morgan Stanley to Reps: Tell Clients We’re in a Bear Market
Firm says investors and advisors are unaware of the change in market direction.
Lawyers Call for Clearer SEC Definition of Best Interest
Meanwhile, consumers groups call for an extension of the comment period on the regulator’s broker conduct rule.
Finra Moves to Fill Chairperson Gaps
Non-local chairpersons are more likely to drop off a case, and this frustrates participants in arbitration cases.
LPL Loses Pinnacle Private Wealth to Triad Advisors
The firm manages over $750 million.
Transamerica Employee Forged Signatures — and Now She’s Banned
Brokerage employee faked customer signatures on account transfer documents.