Regulation

The Houston, Texas-based firm was also censured and required to retain an independent consultant.

The wirehouse is the latest firm to have its financial advisors called out publicly by the regulator for disregarding warnings about holding the ETNs for a long time.

Here's what you missed this week in wealth management.

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.

FINRA arbitrators decided not to hold the major custodian liable for transactions prior to 2008, an attorney for the clients says.

The firms agreed to censures, the settlement payments and to cease-and-desist orders tied to their alleged misconduct.

Sanctuary also failed to review outside business activities of certain representatives and did not terminate a securities offering that failed to meet the minimum contingency requirement, FINRA says.

John Robert Jones Jr. is accused of convincing two dozen financiers to invest in two private unregistered funds with false promises of growth and limited risk.

New questions are being raised about the brokerage’s practices with the Intelligent Portfolios product.

Former clients of Isaiah L. Goodman shared the financial losses and other harmful impact of the $2.3-million scheme.