Suitability

In each of the first three quarters of this year the SEC has filed charges of excessive trading against brokers. The streak continues with the ...

Complex products bring with them special supervision, suitability and rep training obligations.  Volatility-linked exchange-traded products fit squarely into this bucket and recently led to two ...

There is a price to pay for ignoring compliance mandates. Despite repeated warnings, restrictions and prohibitions from compliance, a former Morgan Stanley Smith Barney top ...

A former rep with a prior FINRA settlement on his record for violating the SRO’s suitability rules has now run afoul of the SEC for ...

Initial projections that FINRA would realize a record year for fines in 2016 (BD Watch, Oct. 13, 2016) have been confirmed. The SRO ordered a ...

Colgate-Palmolive has been paying an annual dividend to its shareholders since 1895. This fact wasn’t lost on a 28-year former Colgate employee who specifically advised ...

Merrill Lynch will pony up just over $7 million for inadequately supervising its customers’ use of leverage in their brokerage accounts. FINRA fined the firm ...

FINRA has signaled in the past that broker-dealers that sell mutual fund “L- shares” to variable annuity clients should anticipate heightened scrutiny (IA Watch, Aug. ...

However the Department of Labor’s new fiduciary rule may end up affecting you, don’t lose sight of your responsibility for suitability for regular brokerage accounts. ...

Despite taking the proactive step of instituting policies tied to the purchase of non-traditional ETFs in the wake of a 2009 FINRA regulatory notice warning ...