The brokerage regulator argued the firm’s automated process for approving options traders on its self-directed platform missed instances where clients submitted applications with conflicting information.

Advocates say RIAs have little to worry about, yet one opponent accused the DOL of waging an “ideological crusade” and said he’d recommend litigation to his board.

The proposal would ban most new non-compete agreements including those of senior executives.

The rule, which takes effect in September, “protects the retirement investors from improper investment recommendations and harmful conflicts of interest,” according to Acting Labor Secretary Julie Su.

The SEC’s new quarterly reporting rules could help make private funds far more accessible to retail investors. But they are a huge task to implement.

The commission's latest risk alert concerning the ad rule is the second since registrants were required to be in compliance.

The SEC has repeatedly rewarded firms who self-reported their use of WhatsApp and other unauthorized communication means with leniency.

The state securities agency is trying to shut down two entities falsely claiming to be wealth management firms operating out of the same building as the agency itself.

The firms will collectively pay $200,000 to settle the charges, which focused primarily on their use of hypothetical performance.

A cadre of US regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients.