Regulation Best Interest

JP Morgan Securities self-reported the issue to the Commission staff, undertook an investigation to confirm that there were no other Clone Pairs available for recommendation ...

The case offers lessons for brokerage firms involved with complex financial instruments

Thrivent promptly identified and reported the violations during an SEC examination and paid $22k to 846 retail customers as a result

State Farm failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with Regulation BI because it did not provide ...

The firm failed to resolve known compliance system deficiencies related to the merger

The case offers the lesson that you cannot leave sections of your WSPs essentially blank

The rep recommended a $50,000 L Bond with a 5-year term to a retail customer: (1) who was a 63-year old semi-retiree; (2) who had ...

Key Investment Services and its reps did not disclose in writing that the reps were acting as associated persons when they made the transfer recommendations, ...

Reg BI and Form CRS failures lead to penalty for Texas-based broker-dealer

The Reg BI violations affected about 5,900 retail accounts, causing the clients to pay $936,000 more in expenses for substantially equivalent funds than they otherwise ...