Updated Sunday, March 29, 2015 as of 2:06 AM ET
After 8 Years, Morgan Stanley Claws Back $380K From Ex-Employee
An arbitration panel confirmed that a former advisor will pay back a promissory note to Morgan Stanley - almost 10 years after leaving the firm.
More in Regulatory/Compliance
The now-barred advisor stole client funds, and later pleaded guilty to wire fraud in a separate case in which he was accused of defrauding the producers of a Broadway musical. more »
Launching another volley in the fight over a national fiduciary standard, an investor advocate group argues that brokerage firms are misleading investors. more »
Federal agencies are working on a uniform fiduciary standard, but one NYC official believes states can lead the charge. more »
To better police the advisory industry, the SEC chief seeks additional funding for advisor examinations and to bolster enforcement. more »
NYC Comptroller Scott Stringer is proposing that the state enact a law requiring financial advisors to disclose whether they put their own interests above those of their clients. more »
Schwab sought restitution in arbitration after an advisor left its Private Client Group to join Merrill. more »
Even before the details are out, Mary Jo White's move to insert the SEC into the debate on whether to tighten rules for brokers has given ammunition to both Wall Street firms and consumer groups in the biggest financial policy battle in Washington. more »
Former RBC Capital Markets managing director Mel Schonhorst achieved a measure of success after seven years trying to clear his name in a Texas investigation that cost him his job though he was never accused of anything. more »
CFPs cite real estate downturn, outside business failures as triggers for financial troubles. more »
If regulators can't tell the cultural differences between wirehouses and independent RIAs, Bob Veres has put together a few survey questions they can use. more »
Nicholas Kramer, an ex-Wells Fargo advisor, and Louis James Deeley, a former J.P. Morgan registered rep, were kicked out of the industry for alleged financial wrongdoing. more »
The IRS is reminding taxpayers who turned 70-1/2 during 2014 that they most likely need to start taking required minimum distributions from their IRAs and other retirement plans by April 1. more »
A FINRA arbitration panel also orders the expungement of the advisor's termination records. more »
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