Scalia may need to recuse himself from any decisions regarding the Department of Labor's upcoming fiduciary rule because of his work as lead counsel in the case that vacated the DOL's previous rule.
In two arbitrations, a panel awarded National Securities and former branch manager Gerald Sharpe approximately $170,000 each, a net gain of just $2,000 for the branch manager.
In a comment letter to the Securities and Exchange Commission, several states argue that expanding the investor pool for private securities may have negative consequences.
The SEC and Massachusetts collaborated on the investigation, which found the co-principals of Strategic Planning Group failed to disclose conflicts of interest.
A new survey from Charles Schwab Investment Management also found that advisors' other most common biases were likely to be loss aversion or overconfidence.
The Sudol Group manages about $300 million in client assets and primarily works with clients who are 'transitioning to or already in retirement,' according to advisor Mark Sudol.
