Morgan Stanley was penalized for failing to catch excess sales charges and fees from mutual fund transactions between 2015 to 2021.
On first glance at the comprehensive legislation, increasing the RMD age and boosting catch-up contributions are popular.
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
GWG was a 'classic Ponzi scheme,' according to a group representing investors.
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
The measure contains 92 retirement savings provisions — including increasing the RMD age, raising catch-up limits and expanding automatic enrollment — that give Republicans, Democrats and the financial industry plenty to love.
The bank's settlement with the Consumer Financial Protection Bureau deals with a variety of allegations and includes a $1.7 billion fine that's the biggest in CFPB history.
As financial advisers turn to complex products to help clients navigate volatile markets and rising interest rates, regulators are scrutinizing the investments more closely than ever.
Legislation that would make electronic investor communication the default method for disclosures sends a message this year, but will have to be reintroduced next year.
If SEC Chairman Gary Gensler can engage with potential opponents while keeping advocates on the SEC’s side, ESG could score more policy wins next year.
The pilot, Jeffrey Weiss, had been a financial adviser with Raymond James & Associates in Houston.
After the Blackstone Real Estate Income Trust and the Starwood Real Estate Income Trust limited redemptions, the SEC reached out to both firms to try to understand the events.
CFP Chair Kamila Elliott said the current political environment would make it too difficult to obtain legal recognition of financial planning.
The defendants allegedly disseminated false and misleading information to their collective 1.5 million Twitter followers to hype interest in certain securities while secretly planning to sell shares at artificially elevated prices, the DOJ charged.
The agency laid out four proposals that Chair Gary Gensler says would boost transparency and competition.
Anti-greenwashing proposals are already having an effect, results of a US SIF survey suggest.
But they need to be aware of stepped-up regulatory scrutiny of complex products, an expert tells advisers at the Financial Planning Association annual conference.
The panel will conduct the first comprehensive assessment of the education, examination, experience and continuing education requirements related to the CFP mark.
Bankman-Fried, who was arrested Monday in the Bahamas, also concealed risks and FTX's relationship with his trading firm, Alameda Research, the agency says.
The organization representing financial planners wants to obtain legal recognition of the profession, a process that could involve a long, winding road through state and federal legislatures.
