Patrick Donachie

Sen. Jeff Merkley and Rep. Bill Foster have introduced a new bill addressing an old issue—whether to ban mandatory arbitration agreements between investors and advisors.

As chair of Maryland's Financial Consumer Protection Commission, Gary Gensler advocated for a client-first fiduciary standard for broker/dealers as well as 'anyone who holds themselves out as an advisor.'

J.P. Morgan claims Gabriel Gomez enticed clients with about $2.9 million in managed assets to join him at Wells Fargo, a violation of his employment agreements.

The commission's Division of Examinations said it had found examples of 'potentially misleading statements' concerning ESG processes, according to a recent risk alert.

Some legal experts say RIAs are not doing enough to comply with the new rule, especially when it comes to rollover advice.

Anthony Wayne March will also have to pay more than $6 million in restitution after pleading guilty last August to one count of wire fraud.

Head of Strategic Initiatives Chris Paulitz calls access to low-cost individualized plans 'the future of health care' for independent advisors.

The SEC claimed George Blankenbaker raised more than $11 million from investors, while the Justice Department also charged him with wire fraud and money laundering.