-
SEC action against Lion Street offers insight into standards of care for 2025
The Reg BI case against Lion Street Financial prompts discussion about how the rule has been leveraged for more doomed-to-fail proposals.
-
JP Morgan affiliates to pay $151m to resolve five SEC enforcement actions
Five SEC enforcement actions include allegations that some advisers’ recommendations were not in the best interest of clients.
-
First Horizon to pay $325,000 to resolve Reg BI charges from SEC
The SEC emphasized that First Horizon did not maintain and enforce its own Reg BI-related policies and procedures, leading to this violation.
-
SEC brings RegBI action against dually registered firm for flouting rule’s care obligations
SEC alleges the firm and representative failed to exercise reasonable diligence, care, and skill in making recommendations.
-
FINRA disciplinary action update 2024/25
Disciplinary decisions issued June 22 – 28, 2024.
-
Fraud and tech in Investor Advocate’s sights as OIA releases FY 2025 report
The SEC Office of the Investor Advocate’s latest report details social media’s impact on investor fraud and its evaluation of broker and adviser standards of conduct.
-
FINRA disciplinary action update 2024/20
Disciplinary decisions issued May 18 – 24, 2024.
-
FINRA Annual 2024: Industry execs take on Gen AI, Reg BI, WFH and more
At the FINRA annual conference, industry executives talked about how SEC and FINRA rules work in practice.