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Finra arbitration panel hits Robert W. Baird & Co. with $17.8 million penalty
The asset and wealth management firm was accused of unfair competition and solicitation.
Finra files complaint against broker for trying to inherit $1.8M from client with Alzheimer's
John Waszolek allegedly took advantage of the client's lack of capacity to be named beneficiary of her estate, Finra said.
SEC's Daniel Gallagher resigning as commissioner
His and fellow commissioner Luis Aguilar's departures could herald a transformation of the agency.
Finra arbitration panel awards $500,000 to former Morgan Stanley rep
Broker and wirehouse embroiled in a three-year dispute over a promissory note.
How partisan politics have poisoned the SEC
Washington's political atmosphere makes the panel too adversarial to get anything done.
Finra bars Wells Fargo broker who ran Miami nightclub
Aaron Parthemer, left, a Wells Fargo adviser for a number of NFL and NBA players, allegedly ran a hip hop dance club in South Beach without telling his employer.
How advisers can avoid Finra scrutiny over personal liens, judgments, or bankruptcies
While disclosures of negative personal financial events are not pleasant, the consequences of not making them can be severe.
Boston RIA hit with $48 million arbitration award
Clients accused Lee Weiss of recommending an unsuitable investment in a Polish tobacco company.
Finra arbitration panel awards investor $1.3 million from ex-Stifel broker
A Finra arbitration panel has awarded $1.3 million in damages to a Mississippi investor over the handling of her finances by a former broker for Stifel Nicolaus & Co. Inc.In a case filed in August 2012, Tracy Noble Gilbert accused broker Lanis Dale Noble, then with Stifel, of churning and breach of
Consumer groups accuse SEC of ignoring investors
Consumer groups say the agency has been preoccupied with market issues to the detriment of the public and needs to tighten adviser oversight.
CFPB study reveals downside of mandatory arbitration
With spotlight on consumer confusion, harm, some think SEC will be swayed to quicker action reviewing brokerage contracts.
SEC limits who qualifies as a public arbitrator
The Securities and Exchange Commission has approved a Finra proposal that would restrict more individuals in securities disputes from serving as public arbitrators, including lawyers who represent plaintiffs.Under the rule, anyone who has worked in the financial industry at any point in his or her
Investor, consumer groups call on Finra to release more arbitration data
As task force reviews process, regulator pushed to fess up on selection of arbitrators, award collections and case statistics.
10 developments to watch in the independent broker-dealer industry in 2015
Advisers and their independent broker-dealers saw movement last year in regulation, investment products, business strategies, retirement vehicles and more. Here are 10 of the hottest topics, which are sure to continue to evolve as the year unfolds.LPL strapped with compliance chargesLPL Financial,
What's good for individual investors is good for the whole industry
The financial industry must take every action it can to weed out bad actors and rebuild investor confidence, including beefing up background checks for brokers.