Megan Leonhardt


Megan Leonhardt is senior editor for and REP. magazine, reporting on national brokerage firms and the independent advisor landscape, as well as regulatory updates, legal cases and compliance issues. Prior to covering the financial services industry, Megan worked as a legal reporter breaking stories on major law firms and writing on significant court cases all over the country.

LPL to Pay Treble Damages to Elderly Client
A FINRA arbitration panel recently awarded an 82-year-old Florida resident and her daughter treble damages, ruling LPL Financial and its broker failed to adequately explain the tax consequences on an investment.
Fidelity Offers New Tools to Prevent Elder Financial Abuse
Fidelity Clearing & Custody is launching a new program that combines technology and education to help advisors better protect clients with diminished capacity from financial abuse.
CFP Board Launches Academic Center 1
The Certified Financial Planner Board of Standards launched the Center for Financial Planning on Wednesday as part of a larger effort to further the development of the advisory space into a profession.
DOL Paves the Way for State-Run Retirement Plans 2
In an effort to make it easier for Americans to save for retirement, the Department of Labor on Monday released a proposed rulemaking and an interpretive bulletin that would expand state retirement plans.
FINRA Fines Scottrade $2.6 Million for Failing to Save Emails
FINRA fined Scottrade $2.6 million for failing to retain more than 168 million outgoing emails and record email communications in the proper format.
Congressmen Vow to Halt DOL’s Fiduciary Rule 1
Representatives French Hill (R-Ark.) and David Scott (D-Ga.) say they'll use every tool at their disposal to defeat the measure.
Cyber Attacks Only Going to Get Worse
Experts talk about what's ahead in 2016 and how firms need to think about cybersecurity.
Treasury Secretary Cautions Against Overhauling Dodd-Frank
U.S. Treasury Secretary Jacob Lew cautioned against overhauling recent financial regulations implemented under Dodd-Frank, he said during SIFMA's annual meeting in Washington, D.C.
United Capital Expands Retirement Business
United Capital recently expanded its footprint in the retirement business by acquiring Maryland-based PSA Insurance & Financial Services' $1.1 billion in plan practice assets.
House Lawmakers Plan Bipartisan Bill to Preempt DOL Fiduciary Rule 6

House Democrats and Republications are teaming up to draft legislation that would create an alternative “best interest standard” for advisors to operate under when working with retirement accounts.

Digital Advice to Hit $490 Billion by 2020: Cerulli
Cerulli Associates predicts that the digital advice market will grow to $489.1 billion in assets by 2020. It's at $18.7 billion today.
Signator Doubles Advisor Force with Purchase of Transamerica Unit 1
John Hancock’s brokerage firm Signator Investors bought Florida-based Transamerica Financial Advisors, including affiliations with the firm’s 1,100 independent reps, in a deal announced Tuesday.
Bob McCann Steps Down as UBS Brokerage Head
UBS brokerage head Bob McCann is stepping down from his role; group CFO Tom Naratil will succeed him.
New Bill To Solidify Advisors’ Independent Contractor Status
The employment status of independent broker/dealers is protected in proposed legislation that would reclassify some independent contractors as full-time employees.
FINRA CEO Rick Ketchum to Retire
Rick Ketchum announced Friday he is retiring from his position as CEO of the Financial Industry Regulatory Authority, which is searching for a successor.
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