Rep Violated Reg BI With Excessive Trades: FINRA
By Melanie WaddellJoseph Kelly of Spartan Capital Securities excessively effected transactions in the accounts of four retail customers, FINRA found.
June 30, 2025
The Rise of Human-AI Teams in Life InsuranceAI can elevate consumer trust by making Reg BI possible.
May 29, 2025
BD Hit With Reg BI Fine Over Annuity ExchangesAAG Capital recommended swapping life insurance policies, fixed indexed annuities and VAs for more costly RILAs.
May 19, 2025
5 Years In, Reg BI Is Still Unclear to BDsCompliance professionals say Reg BI has been a heavy lift but has helped to derisk the industry.
April 09, 2025
NASAA Votes to Restrict BDs' Use of 'Adviser,' 'Advisor'The new model rule prohibits reps from using these titles unless they are also registered as advisors.
April 01, 2025
BD to Pay $150K Over Reg BI, Form CRS FailuresThurston Springer's written policies discussed Reg BI in general terms and did not include procedures for delivering Form CRS.
March 18, 2025
Baird to Pay More Than $650K Over Unnecessary FeesBaird must reimburse customers and pay a $100,000 FINRA fine for violating Reg BI and other rules.
February 28, 2025
Firm Hit With Reg BI Fine Over Private PlacementsFINRA fined Cova Capital Partners for recommending three private placements that weren't suitable for some investors.