Lawsuit claims Kathleen Martin was poached under false pretenses.
Diptes Basu contravened industry rules and the CFP’s Pathway Agreement by participating in an exam cheating ring.
The industry regulator has tapped two legal luminaries to newly established positions following a report questioning its thin 2023 record.
Representatives of life insurance and annuity issuers argue the labor department’s defense suffers the same weaknesses as its 2016 predecessor.
The ex-advisor repeatedly lied to members of his religious community and fabricated statements to conceal near-total losses, according to the SEC.
Shares drop 1.3% in early trading following Wednesday's penalties.
The firm breached Finra rules when it directed some $2.9M in compensation to go to an unregistered entity, the regulator said.
The firm’s failure to flag a rogue representative’s unapproved transactions led to more than $7.2M in losses for at least 30 customers, says Finra.
A blind spot in the firm’s oversight system resulted in almost $265k in unnecessary charges and fees across 1,450 accounts, according to Finra.
The company is the latest targeted over annuity deals with Athene Annuity and Life Co.
Finra finds registered representatives at the wirehouse giant made unsuitable recommendations to over 1,300 clients across more than 2,000 accounts.
The firm and two individuals have settled, but CFO will fight to clear his name.
The amendments aimed at fostering a more tailored approach to disclosure for non-variable annuities sparked concerns for one dissenting commissioner.
Former advisor reportedly put his clients in unsuitable private placements and misappropriated part of a senior client’s $675K investment, among other breaches.
Federal agencies could be more easily defeated in court over their interpretations of laws passed by Congress.
Amid growing use of generative AI and large language models, the regulator is issuing a crucial reminder for its members.
Enforcement actions hit an all-time low last year while fines plummeted to half of 2016 haul, raising doubts about its effectiveness.
The proposed legislation governing funds for fiscal year 2025 would hamper the agency’s ability to administer, implement, or enforce the rule.
The conservative majority decision nullifying a nearly $1M penalty could hamper the regulator's power to extract high-dollar settlements.
Despite attacks on environmental, social, and governance data being used, one former Congressman said he is hopeful about climate investing.
