Osaic to Pay $3M Over Mutual Fund Switches at Securities America
By Melanie WaddellThe BD failed to supervise Class A fund switches, leaving customers with $2 million in fees, FINRA said.
August 29, 2025
Vanguard, Empower to Pay $25M Over Failures Tied to Advisor CompensationThe two firms failed to disclose conflicts in connection with their managed account programs, the SEC says.
August 26, 2025
Rep Violated Reg BI With Excessive Trades: FINRAJoseph Kelly of Spartan Capital Securities excessively effected transactions in the accounts of four retail customers, FINRA found.
August 13, 2025
Rep Suspended for Execessive Trades in Senior Clients' Accounts, Violating Reg BIThe Spartan Capital rep made the trades in the accounts of two 66-year-old clients, leading to significant losses.
August 11, 2025
LPL Rep Sold Complex Product to 95 Year-Old Client, Violating Reg BIThe rep put the client in Government National Mortgage Association support class bonds, a mortgage-backed security.
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.