Industry executives and experts say we will continue down the road toward a fiduciary standard, regardless of the court’s decision.

The Fifth Circuit Court of Appeals argues the Department of Labor lacked the statutory authority to promulgate the rule; a major victory for the brokerage industry.

The complaint, filed in late January, alleges that all payments were made during the 90-day preference period before the company’s bankruptcy filing.

The bank is also under investigation by the Department of Justice regarding sales abuses.

A new PIABA report says nearly a third of FINRA arbitration awards went unpaid last year; Senator Elizabeth Warren believes the best solution is a pool funded by FINRA fines.

The review was prompted by inquiries from federal government agencies, including the Department of Justice.

It’s a lesson learned for other firms: Disclose this conflict of interest.

The Securities and Exchange Commission and the Commodity Futures Trading Commission have been conducting a broad review of trading since Feb. 5.

“There is nothing those people were doing that anybody could characterize as good faith compliance with the parts of the rule that went into effect in June," said Phyllis Borzi, former assistant secretary of labor.

Plaintiffs SIFMA, the Financial Services Institute and the Insured Retirement Institute argue that the Scottrade case highlights firms’ undue risks of facing fractured, state-by-state enforcement under the DOL rule.