In First Reg BI Action, SEC Hits BD Over Sales of Risky Bonds to Retirees
By Melanie WaddellConsumer advocate Micah Hauptman says he's glad to see the rule enforced "in a way that should send a strong message."
May 17, 2022
More Reg BI Rollover Guidance Likely on Its Way: SEC ChiefThe agency may elaborate on guidance it gave in March, Gary Gensler said at a NASAA conference.
May 06, 2022
Edelman, Nadig Say FINRA Complex Product Ideas Are 'Unworkable,' TerrifyingFINRA's potential definition of complex products is so broad it could include target date funds, Dave Nadig says.
April 04, 2022
SEC Warns Advisors on Rollovers Under Reg BIAdvisors must consider costs, investment options and other account features before recommending a rollover, regulators say in new guidance.
March 31, 2022
Massachusetts Fiduciary Rule Struck Down in Robinhood CaseThe ruling is a victory for Robinhood; Massachusetts' top securities regulator, William Galvin, is considering an appeal.
March 30, 2022
12b-1 Fees in Wrap Accounts Are an SEC Exam Priority in 2022Also on the 2022 priority list are other revenue sharing arrangements and advisor conflict-of-interest policies.
March 11, 2022
FINRA's Top 5 Fine Categories in 2021Fines in 2021 saw a "dramatic bump," driven by a record-setting fine.
February 11, 2022
6 Top Reg BI Compliance Failures: FINRAIn the first full year of exams on Regulation Best Interest, here's where BDs fell short.