The New Jersey Bureau of Securities revoked the registration of the firm, First Standard Financial, described as "a haven for greedy, dishonest agents who traded client accounts like sharks in a feeding frenzy".
Firms must track the totality of a relationship between advisors and clients over multiple devices, according to several compliance experts.
SIFMA and others took part in the Quantum Dawn V exercise this week; here’s how it went.
The markets tend not to overreact to most turbulent political and social environments, said Michael Townsend, Schwab’s head of legislative and regulatory affairs.
The Financial Industry Regulatory Authority ordered the brokerages to pay restitution to clients allegedly sold more expensive share classes in 529 college savings plans.
The SEC has proposed updates to the advertising and solicitation rules of the Investment Advisers Act.