Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
Gov. Phil Murphy said the bill runs counter to the state's efforts to improve consumer protections, including its recent fiduciary rule proposal for financial advisors.
Massachusetts Secretary William A. Galvin alleges Janney Montgomery Scott didn't properly supervise a broker who frequently bought and sold high-fee mutual funds to boost his commissions.
A New Jersey woman claims a broker with Wells Fargo Advisors Financial Network used proceeds of her late husband's life insurance policy to invest in speculative options and volatile non-income-producing individual securities such as Facebook.