Industry

The SEC mandated that 16 firms recoup investors after they failed to disclose issues with investments in higher-cost class share mutual funds, and penalized one additional firm further for failing to self-report.

The CEO of HighTower "simplified the playbook" at the firm—in January 2018, the firm owned 23% of the revenue, leaving 77% at risk of attrition. Now, it owns 91%.

BMO advisors put clients into proprietary mutual funds to boost their own revenue without telling clients about their own financial gain, according to SEC claims.

Where did all the commissions go? With the launch of IBKR Lite, some see a challenge to Robinhood.

The corporate RIA of Cetera’s bank channel failed to disclose solicitation agreements it had with about 350 banks, according to the SEC.

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.

LourdMurray’s simultaneous deal with Delphi and HighTower may be the way future mergers in the RIA space develop.

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.