This story is the fifth in a series Financial Planning Chief Correspondent Tobias Salinger is writing…
Tag: Regulation and compliance
Edward Jones hits ex-broker with big arb award
In the latest legal action from a firm not content to watch its client information walk…
JPMorgan seeks restraining order for advisor at Wells Fargo
For the second time in a week, JPMorgan is suing a former advisor for alleged violations…
SEC withdraws AI, cybersecurity rules for advisors
The SEC is dropping a slew of proposals that would have heightened advisors’ responsibilities for cybersecurity,…
CFP Board forms AI Working Group
The CFP Board has convened a new AI Working Group to address the technology’s place in…
Weighing the chances of RIA arbitration reform
Investor advocates are cheering an attempt to place stricter limits on how RIAs can use arbitration…
Vanguard seeks SEC approval for tax-busting fund
Vanguard, the investment giant famous for low-cost index funds, is seeking regulatory approval to expand its…
Advisors question SEC push to extend alts investing
Advisors and securities lawyers are raising a collective eyebrow at a big push now underway by…
How do new advisory firms register their RIA
This story is the fourth in a series Financial Planning Chief Correspondent Tobias Salinger is writing…
LPL, Edward Jones, others to pay $9M-plus for overcharges
LPL Financial, Edward Jones, RBC, Stifel and TD Ameritrade are paying up to settle allegations they…
JPMorgan sues ex-advisor now at Morgan Stanley
JPMorgan is taking a Morgan Stanley financial advisor to court over allegations that she has inappropriately…
FINRA panel fines U.S. Capital Wealth for investment advice
A hybrid wealth management firm acquired by Arax Investment Partners last year owes a client at…
UBS fined for broker’s firing
UBS is on the hook for $1 million after a FINRA arbitration panel found it wrongfully…
PIABA decries new FINRA arbitrator criteria
Investor advocates are up in arms about a FINRA rule change they contend could prevent aggrieved…
How departing financial advisors can avoid lawsuits
This story is the third in a series Financial Planning Chief Correspondent Tobias Salinger is writing…
Supreme Court OKs FINRA’s pursuit of Alpine case
The Supreme Court let the Financial Industry Regulatory Authority proceed with disciplinary proceedings against the embattled…
How tax and tariff questions are leaving investors in limbo
Even after the biggest May jump in 35 years for the S&P 500, investors’ understandable confusion…
IRS backs off Biden rule on partnership basis shifting
An IRS proposal to drop a Biden administration rule targeting basis-shifting strategies by complex partnerships is…
Judge sentences advisor who sold to WEG in fraud case
A disgraced investment advisor who sold her practice to Wealth Enhancement Group before becoming the subject…
SMAs, other investment portfolios ripe for ETFs
The appreciated assets locked in tax limbo from the capital gains in separately managed accounts amount…
Stifel challenges $133M award, claiming arbitrator bias
Stifel is asking a court to toss out a nearly $133 million arbitration penalty, alleging that…
CFP Board launches expedited bankruptcy, misdemeanor reviews
New procedural rules announced last week by the CFP Board, set to take effect May 23,…