The fines, $500 million each to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, covers issues in Wells Fargo’s auto-lending and mortgage units.

Even those who are pleased with the result agree there’s much work to be done.

The SEC commissioners pushed through a proposal package that would establish a best interest standard for broker/dealers and restrict brokers from using the titles “advisor” or “adviser.”

Merrill Lynch has dropped nine federal court cases it filed against former financial advisors to prevent them from arbitrating claims against the firm.

Wirehouse firms balked at the proposed enhancements to the most widely known professional mark for the industry, threatening to abandon their support for the designation.

There’s continuing confusion surrounding who will bear what burden.

Personal information housed in the Central Registration Depository has been mishandled, according to a whistleblower.

Robert Cook provides an update on the increased oversight by the SEC, and weighs in on a best interest standard.

SEC Chairman Jay Clayton says he’s moving forward with a best interest standard, and he wants to reduce the number of standards financial professionals are currently subject to.

Galvin to continue to pursue his case against Scottrade, study sees shifts in the asset management industry and ETF ownership is on the rise.