The Practice: Regulatory/legal issues
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February 21, 2019SEC’s Regulation Best Interest Slammed as "Misleading"“Best interest” and “fiduciary” aren’t equal, the National Association of Personal Financial Advisors says.No Comments
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February 21, 2019Morgan Stanley Lawsuit Might Force More Customer Disputes Into ArbitrationThe wirehouse is trying to force someone to arbitrate a claim that has nothing to do with their accounts, merely because they were a customer.No Comments
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February 21, 2019B-D and Transfer Agent Charged in Alleged Microcap FraudSpartan Securities Group and Island Capital Management were allegedly involved in the sale of stock in sham companies.No Comments
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February 20, 2019Galvin’s Office Bars Former Broker Over Alleged $1 Million FraudThe alleged fraud spanned 26 years.Last Comment: February 20, 2019
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February 20, 2019Lawyer Slams Maryland Proposal: Multiple Conduct Standards Will Hurt Industry and Public AlikeAlthough imperfect, the SEC’s proposed Regulation Best Interest is still the best solution, he says.No Comments
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February 20, 2019Here’s Who Might Soon Be Buying Kestra FinancialA sale could be announced within weeks, sources tell InvestmentNews.No Comments
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February 20, 2019Insurance and Annuities to be Subjected to Best Interest Standard at State LevelBeginning in August, the standard will apply to broker-dealers and insurance agents licensed in the state or making recommendations to New York residents.No Comments
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February 20, 2019Cetera CEO Steps Down for Health ReasonsRobert Moore is stepping down effective March 31, with chairman Ben Brigeman taking over as interim CEO.No Comments
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February 20, 2019Broker-Dealer to Pay Over $800K in Alleged Excessive Trading CaseAccelerated Capital Group allegedly failed to supervise its reps’ excessive, unsuitable and unauthorized trading.No Comments
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February 19, 2019Merrill Edge Lawsuit Raises Cross-Selling IssuesInvestor was apparently promised lower home loan rates if he invested with Merrill.No Comments
