Patrick Donachie

The commission's FAQ from March 30 said firms should avoid 'embellishing factual statements,' but the Institute for the Fiduciary Standard argues it leaves advisors unable to accurately describe themselves as...

The state became the 22nd to adopt a rule based on the NAIC’s model, joining the likes of South Dakota, New Mexico and Pennsylvania.

LPL also recently added two teams to its employee advisor channel from UBS and Morgan Stanley.

In a court filing, Wells Fargo argued there was "no evidence in the record" supporting the existence of a verbal agreement between its counsel and FINRA to exclude certain arbitrators from their cases.

John Law will serve 10 years in prison for participating in the nationwide scheme, in which he and his co-conspirators misappropriated millions in clients' funds.

Sen. Elizabeth Warren and Rep. Katie Porter are pressing the regulator after a Georgia judge called the fairness of its arbitration process into question.

Morgan Stanley is shedding some of the wealth management businesses of Eaton Vance, which it acquired in a $7 billion acquisition last year.

The 1 Global Capital fraud scheme raised more than $320 million from more than 3,600 investors throughout the country, according to the commission.