Financial advisers’ clients are clamoring for crypto assets, while brokers and advisers are trying to figure out how this nascent asset class fits, if at all, into their investment and retirement portfolios. That hurried, confused ardor for cryptocurrencies and digital ...

A Georgia Superior Court judge took a serious whack at Wells Fargo Advisors, as well as the Financial Industry Regulatory Authority Inc., in a January order that dismissed an arbitration claim that Wells Fargo had won 2½ years ago involving ...

The Financial Industry Regulatory Authority Inc. wrapped up 2021 with settlements and penalties against two sizable broker-dealers that work with independent-contractor financial advisers. On Dec. 22, Finra penalized Emerson Equity $1.7 million for years of poor supervision of short-term mutual ...

In yet another indication that broker-dealers are losing ground to registered investment advisers, the number of wealth management-focused or retail brokerage firms declined 28% over the decade ending last year, according to Cerulli Associates, with 923 such firms in 2020 ...

The Financial Industry Regulatory Authority Inc. has censured Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network, and fined them $2.25 million for violating several books-and-records retention requirements. In 2016, Finra found that from 2003 to December of 2016, ...

The Financial Industry Regulatory Authority Inc. this week censured and fined a Los Angeles-based investment bank and broker-dealer, WestPark Capital Inc., $250,000 after it made material misrepresentations to clients in documents when selling promissory notes issued by its parent company. ...

Four more brokers have been penalized by Finra since October for incorrectly or inappropriately applying to federal loan programs for small businesses feeling economic pressure as a result of the Covid-19 pandemic. In January, the Financial Industry Regulatory Authority Inc. ...

The Financial Industry Regulatory Authority Inc. said Tuesday it sanctioned Aegis Capital Corp. $2.75 million for churning, or excessive trading in client accounts, from 2014 to 2018. Aegis Capital, which is based in New York and has 300 retail registered ...

Every investor has their own catalyst for engaging with the markets and starting to think about their long-term financial plans, whether it’s enrolling in their first 401(k), receiving stock options in a compensation package or just striking up a financial ...

The continued nuisance of firms and brokers that lose lawsuits and then run out on them is highlighted this month by the shuttering of a small broker-dealer based on Wall Street, Worden Capital Management, and its owner and CEO, Jamie ...