First Horizon Faces $325,000 Fine for Regulation Best Interest Non-Compliance
First Horizon, a Memphis-based financial services company, has agreed to pay a $325,000 fine for failing to meet Regulation...
Regulation Best Interest
Broker Settles Churning Allegations, Fined $50,000 for Excessive Trading and Losses
A broker has agreed to pay a $50,000 fine and face an 18-month suspension after being accused of excessive...
Navigating Dementia, Wealth Management Challenges, and Industry Growing Pains
In a recent article, financial advisors share crucial steps families should take after a dementia diagnosis, including educating the...
Brokers Struggle with Reg BI Compliance: SEC Examiners on the Lookout
TV Anchor: In a recent risk alert, the Securities and Exchange Commission (SEC) has highlighted compliance failures in Regulation...
New Jersey Brokerage Firm Fined for Alleged Regulation Best Interest Violations
In a recent settlement, the Jeffrey Matthews Financial Group agreed to pay $35,000 for allegedly failing to adhere to...
Merrill Lynch Fined $1.5 Million Over Unnecessary Fees
Merrill Lynch has agreed to pay $1.5 million to settle allegations that representatives executed transactions on behalf of over...
Understanding the New Fiduciary Rule: What Investors Need to Know
Lead: The Department of Labor's new fiduciary rule aims to protect retirement savers by requiring advisers to act in...
TIAA Subsidiary Fined $2.2 Million for Reg BI Violations
The Securities and Exchange Commission has fined a brokerage firm, TIAA, over $2.2 million for violating Regulation Best Interest....
Finra Prioritizes Enforcement of Reg BI with Multiple Cases in the Pipeline
Regulation Best Interest (Reg BI), the Securities and Exchange Commission's (SEC) standard of conduct for brokers, continues to be...
Biden's Proposal to Improve Retirement Security
President Biden has announced a new rule to protect retirement savers from conflicted advice and extend fiduciary standards. The...