Co-founder Michael Kitces said the XY Planning Network was hiring Duane Thompson to help advocate for fiduciary standards on the state level after an appellate court ruled against its suit concerning Regulation Best Interest.

Susan L. Welo claims AdvisorNet cost her her livelihood.

The SEC's guidance comes weeks after news reports indicating that many firms were failing to properly disclose prior issues and stresses that firms cannot omit the disciplinary section, regardless of the answer they give.

Reynaldo Figueredo made the move to the division of Raymond James based on its client-centric culture and boutique feeling, and is the sixth advisor to join the division's Miami office this year.

The leadership changes come just days after Charles Schwab closed its acquisition of TD Ameritrade.

The proposed rule would enable individuals to solicit accredited investors on behalf of issuers. Supporters say it can help small businesses raise capital. Critics worry it will lead unprepared investors into less transparent markets.

Larry Sprung, based in Hauppauge, N.Y., and managing $58 million in client assets, will join Carson Group as a partner.

Just days after completing the purchase of E-Trade Financial Corp., Morgan Stanley's latest acquisition will bulk up the firm’s asset-management arm.