Tag: regulatory
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,...
Former Wells Fargo/Morgan Stanley Broker Pleads Guilty to Defrauding Clients in...
Elias Herbert Hafen, a former financial adviser at Wells Fargo and Morgan Stanley, pled guilty in a New York federal court yesterday to investment...
SEC Settles Charges Against RIA for Improper Alternative Investment Sales
Lefavi Wealth Management (LWM), a registered investment adviser with approximately $303 million of assets under management, has agreed to settle charges with the Securities...
SEC Charges Adviser Firm and Principals with Defrauding Retired NFL Players
The Securities and Exchange Commission has charged a Tallahassee-based investment adviser firm and its two former principals with defrauding investors, most of whom were...
SEC Charges Cetera Advisors with Defrauding Retail Advisory Clients
The Securities and Exchange Commission has charged Cetera Advisors LLC, a registered investment adviser and broker-dealer based in Denver, Colorado, with breaching its fiduciary...
Massachusetts Fines Wells Fargo $450,000 over Unregistered Agents and Supervisors
The Massachusetts Securities Division has fined Wells Fargo $450,000 for failing to ensure that its agents and supervisors were appropriately registered in Massachusetts.
Wells Fargo...
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...
SEC Charges Broker-Dealer and CEO With Supervision Failures
The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities LLC and its former chief executive officer, Ronaldo Gonzalez, with failing to...
