Eric Nichols didn't tell firm he paid $28,000 to settle a customer's complaint.
But overall effectiveness of new advice standard still likely to depend largely on honor system.
Some practices will seek operational assistance by joining a super-OSJ network, while others will partner with a smaller firm that may be able to offer them more personalized service.
Organization says it will no longer rely on self-reporting of disciplinary backgrounds and is creating a task force to reform its enforcement practices.
The latest setback is a lawsuit from an auto dealer who sold a majority stake in his company to GPB and accuses the firm of 'a massive securities fraud.'
While the measure was praised by people in the retirement-savings sector, its release spurred a renewed push for passage of the SECURE Act.
Finra says three individuals with criminal convictions worked for the firm due to inadequate background checks.
If rules don't define advisers' obligations, it's hard for firms and advisers to operate their businesses and providing guidance to clients
Congress is considering tweaking the popular retirement plan to encourage annuities
Ernie Garcia was being investigated for altering receipts.
Chris Flint says he can bring unique perspective of firms offering financial advice, products
Auto dealership owner who sold a majority stake to the firm said it is running a Ponzi-like scheme.
Advisory firms should perform due diligence on how all their providers safeguard clients' personal information, including custodians, software and back-office services.
The policy rider, which passed the House largely along party lines, was not included in a budget agreement that requires any changes be approved by both Republicans and Democrats.
Senate vote on retirement-savings measure not likely this month, so supporters ready push for fall.
Michael Garris, who executed 26 unauthorized transactions, was also fined $5,000.
Examination of 50 advisory firms shows lapses in disclosure, compliance programs
Legislation to increase penalties, ease statute of limitations pass House committee on party line.
Investor advocates wonder whether Eugene Scalia personally holds positions he advocated in court, while financial industry groups welcome the nomination.
After keeping a low profile for past few years, one-time REIT czar re-emerges to face consequences for past wrongdoing.
