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SDNY Dismisses States’ Lawsuit Against SEC Broker Advice Rule

The federal lawsuit filed by eight attorneys general against the Securities and Exchange Commission over its broker advice rule has been dismissed by the...

FINRA Issues Regulation Best Interest/Form CRS Checklist

The Financial Industry Regulatory Authority has issued new resources to assist financial firms in their efforts to comply with the Securities and Exchange Commission’s...

XY Planning Network Files Lawsuit to Challenge SEC’s Regulation Best Interest...

XY Planning Network (XYPN), a financial planning platform for fee-only financial advisors founded by Alan Moore and Michael Kitces, has filed a lawsuit in...

States Sue SEC Over Broker Advice Rule

A group of eight attorneys general filed a federal lawsuit on Monday in the Southern District of New York, challenging the Securities & Exchange...

FINRA Panel Rules that Wells Fargo Violated Nevada’s New Fiduciary Rule

In a landmark arbitration decision, the Financial Industry Regulatory Authority ruled that Wells Fargo must pay investor Ann De Jong, an emergency room physician,...

President Trump Officially Nominates Eugene Scalia to Head Department of Labor

President Donald Trump announced his intent on Tuesday to nominate Eugene Scalia as the Secretary of Labor, replacing Alexander Acosta who resigned in mid-July...

Massachusetts Solicits Preliminary Comments on Proposed Fiduciary Rule

The Massachusetts Securities Division plans to enter the state fiduciary rulemaking ring and is seeking preliminary comment on a proposed regulation that would apply...

FSI Comments on New Jersey’s Proposed Fiduciary Rule

The Financial Services Institute, a trade group representing independent financial advisors and financial services firms, has submitted a 12-page comment letter to the New...

SEC Approves Investment Advice Rule Package

On Wednesday, the Securities and Exchange Commission voted 3-1 along party lines and approved its four-part package of regulations aimed at reforming investment advice...

Dakota Wealth Management Reaches $1 Billion AUM with Latest Acquisition

Dakota Wealth Management, an independent investment management firm managing $1 billion in client assets, has agreed to acquire Springside Partners, a female-led wealth management...