Advisors and securities lawyers are raising a collective eyebrow at a big push now underway by…
Tag: Regulation and compliance
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,…
FINRA feels broker pushback on side-business proposal
Brokers and industry groups are greeting a FINRA proposal meant to relax advisors’ obligation to report…
JPMorgan, B. Riley and Oppenheimer weather FINRA probes
Enjoy complimentary access to top ideas and insights — selected by our editors. B. Riley Financial,…
How financial advisors can plan ahead to prevent elder abuse
The possibility of dementia or other forms of diminished capacity among older clients begs the need…
FINRA to reopen supervision plans in WhatsApp cases
FINRA is looking to lighten the supervision burden on nearly 80 firms that reached settlements before…
Ex-Schwab advisor sues over age, sex discrimination
An ex-Charles Schwab advisor is suing her former employer over alleged age and sex discrimination and…
SEC ends inquiry into Morgan Stanley’s ‘sweeps’ policies
Morgan Stanley is no longer under SEC scrutiny for its often-lucrative practice of “sweeping” uninvested cash…
How wealth firms do revenue sharing in 2025
Asked how the industry practice of revenue sharing served their clients’ best interest, nine of the…