Regulatory & Compliance (359)
Finra Proposes Allowing Predicted Returns in B-D Marketing
- Thursday, 30 November 2023
- Regulatory & Compliance
- Written by PFA News
The Financial Industry Regulatory Authority has floated a change to Finra Rule 2210, which generally bans broker-dealers from using performance projections or targeted returns in their marketing communications. So reports ThinkAdvisor.
Read more...Finra Benches Former Wentworth CEO
- Wednesday, 08 November 2023
- Regulatory & Compliance
- Written by PFA News
The former head of broker-dealer aggregator Wentworth Management Services has agreed to a five-month suspension and $10,000 fine to resolve allegations by the Financial Industry Regulatory Authority. So reports AdvisorHub.
Read more...Wells Fargo Says SEC Probing Cash Sweep Accounts
- Wednesday, 08 November 2023
- Regulatory & Compliance
- Written by PFA News
Wells Fargo has revealed in a regulatory filing that it is the subject of an “advisory account cash sweep investigation” by the Securities and Exchange Commission. So reports InvestmentNews.
Read more...Morgan Stanley Eyes $1B Block Trading Settlement: Report
- Wednesday, 08 November 2023
- Regulatory & Compliance
- Written by PFA News
Morgan Stanley could pay as much as $1 billion to end investigations by federal regulators into its handling of block trades, according to sources familiar with the situation. So reports Semafor.
Read more...DOL's New Fiduciary Rule Would Extend to Salespeople
- Wednesday, 08 November 2023
- Regulatory & Compliance
- Written by PFA News
Financial professionals selling investment products for retirement savings would fall under a tougher regulatory regime under a new rule proposed by the Department of Labor. So reports PlanSponsor.
Read more...Ex-LPL FA Suspended By Finra Over E-Signature Lapses
- Friday, 27 October 2023
- Regulatory & Compliance
- Written by PFA News
A former LPL representative has agreed to a three-month suspension and a $5,000 fine to settle the Financial Industry Regulatory Authority’s allegations that he falsified documents by failing to disclose that he electronically signed them on behalf of customers. So reports Financial Advisor.
Read more...Barred Wells Fargo FA Owes Back $1.5M in Loans: Finra
- Saturday, 14 October 2023
- Regulatory & Compliance
- Written by PFA News
A now-barred Wells Fargo financial advisor owes the firm almost $1.5 million, a Financial Industry Regulatory Authority arbitration panel has ruled, apparently relating to loans provided as recruitment incentives for new employees. So reports Financial Planning.
Read more...Ex-LPL FA Gets 15 Years in Prison Over $1.3M Fraud
- Saturday, 14 October 2023
- Regulatory & Compliance
- Written by PFA News
A former LPL Financial advisor has received a 15-year prison sentence following a June indictment for swindling more than $1.3 million from a client. So reports The DI Wire.
Read more...Small B-D to Pay $50K to End SEC’s Reg BI Claims
- Friday, 29 September 2023
- Regulatory & Compliance
- Written by PFA News
Carl M. Hennig Inc. has agreed to pay $50,000 to settle the Securities and Exchange Commission’s claims that it fell short of Regulation Best Interest, according to the regulator. So reports InvestmentNews.
Read more...Northwestern Mutual Fined $400K Over Emails to Prospects
- Thursday, 14 September 2023
- Regulatory & Compliance
- Written by PFA News
Northwestern Mutual has agreed to pay penalties totaling $400,000 to resolve the New Hampshire Insurance Department’s allegations that its agents in the state sent misleading marketing emails to prospects. So reports Think Advisor.
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