Regulation

The regulator accused a broker-dealer of not having proper supervisory procedures to prevent $533,500 in excessive transactions.

Regulators allege the CPA provided an air of legitimacy to John J. Woods' scam that defrauded 400 clients in 20 states.

The move disappointed advocates just days after a court ruling viewed by many as clearing a path for the long-awaited product.

Mario Rivero pleaded guilty in February to swindling five clients out of more than $600,000.

The federal regulator reopens the comment period for its rule on safeguarding client assets in response to its new auditing requirement for private funds.

Commissioner Hester Peirce warns an unintended consequence of the new regulation could be less thorough internal compliance reviews.

A brokerage client's portfolio was gradually invested almost exclusively in the fund manager WisdomTree over a decade.

One provision of the six-part package applies to all registered advisory firms, and compliance experts say the guidelines could prove costly for smaller companies.

The Wall Street regulator tweaked how it handles frequent inspections after the GAO uncovered shortcomings in its practices two years ago.

Compliance experts warn that financial advisors should prepare for new requirements relating to ESG, custody, cybersecurity, private funds and many other issues.