The agency charged the firm with failing to monitor whether wrap-fee accounts were in the best interests of clients who did little trading.
A Finra arbitration panel said the firm owes Shlomo Salant compensation for 2014, the year he reached a settlement with the Commodity Futures Trading Commission for allegedly faking market interest in futures.
The document may be an indication that the agency will pursue more complex Reg BI violations.
But advisers have concerns that the loan forgiveness may contribute to inflation and that it transfers the repayment burden to taxpayers.
The CFP Board Center for Financial Planning and Mission Wealth Management launched a program that will award $5,000 scholarships to students seeking the credential.
Bills in both the House and Senate would establish an SEC grant program to support investor advocacy clinics at law schools.
The Inflation Reduction Act will boost the agency's funding by $80 billion over 10 years to strengthen its enforcement and compliance efforts.
Legislation that last year contained a litany of taxes on high earners has been whittled down to a bill with a few corporate tax provisions.
Wells and a former broker must pay $731,587. The claimants alleged investments were made 'with the sole purpose of generating additional commission or fees" for the broker.
Recognizing first Black CFP, the $5,000 award aims to help more Black and African Americans earn the certification.
