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.
Merrill Lynch has dropped nine federal court cases it filed against former financial advisors to prevent them from arbitrating claims against the firm.
Wirehouse firms balked at the proposed enhancements to the most widely known professional mark for the industry, threatening to abandon their support for the designation.
SEC Chairman Jay Clayton says he’s moving forward with a best interest standard, and he wants to reduce the number of standards financial professionals are currently subject to.
The Fifth Circuit Court of Appeals argues the Department of Labor lacked the statutory authority to promulgate the rule; a major victory for the brokerage industry.