Uptick in adviser crackdown attributed to better data analytics and agency's new unit focused on asset management. <b><i>(Related read: <a href="//www.investmentnews.com/article/20161005/FREE/161009968/supersized-fines-put-finra-on-pace-for-record-year"" target=""_blank"" rel="noopener noreferrer">'Supersized' fines put Finra on pace for record year</a>)</b></i>
New CEO likely to get an earful as he embarks on a 'listening tour.'
Tactics were legal, but some debate his use of 'fiduciary' in defending them. <b><i>(More: <a href="//www.investmentnews.com/article/20160925/FREE/160929970/hillary-clinton-vs-donald-trump-who-are-you-voting-against"" target=""_blank"" rel="noopener noreferrer">Advisers sound off about who they are voting </i>against<i></a>)</b></i>
Florida advisers who claimed the certifying body unfairly punished them for their compensation description lost another round Tuesday.
The firm allegedly conducted an unethical, high-pressure, sales contest among its advisers to encourage clients to borrow money against their brokerage accounts. <b>Plus: <a href="//www.investmentnews.com/article/20160819/FREE/160819909/morgan-stanley-hit-with-150-million-401-k-lawsuit-for-self-dealing"" target=""_blank"" rel="noopener noreferrer">Morgan Stanley is being sued over its 401(k) plan</a>.</b>
Organization that provides financial services to Christians says it would not be able to use its dispute resolution mechanism if it had to adhere to the new regulation allowing class actions.
Agencies brought more cases against registered advisers than unregistered entities, and certain products featured in many of them.
Mary Jo White says the commission is reviewing a staff proposal and could vote to move ahead with independent audits.
Firms may be losing the battle against the Labor Department's fiduciary rule for retirement advice, but they are still framing the debate around it &mdash; to the agency's chagrin.
Investment adviser and talk radio host Ray Lucia Sr., whom the SEC had fined and barred from the industry for allegedly misrepresenting a retirement investment strategy may have received a boost in the form of a split decision on his appeal.
