Michael Thrasher

If an advisor knowingly lies about or deceives a client about a security, they can't blame someone else.

SEC Chairman Jay Clayton reiterated his belief that improved disclosures would, in many cases, be sufficient to ensure investors are protected.

A year ago, about 40 independent advisory firms and broker/dealers were using the platform. Now, more than 100 have signed on.

In a presentation to the SEC, the asset manager says broker-dealers and RIAs are interested in a bitcoin ETF, and that the fund would be compatible with advisors' fiduciary responsibility.

Lori Love will be Advisor Group's first chief customer experience officer and will focus on improving the firm's offering to advisors.

'All of the other firms we interviewed looked the same, acted the same,' said Patrick Simpkins, founder of Proximity Financial Partners.

The Massachusetts Securities Division accused two advisors of overconcentrating portfolios with risky oil and gas investments.