On August 11, 2025, the U.S. Securities and Exchange Commission (SEC) brought two settled administrative proceedings against a broker-dealer and one of its registered representatives for violations of ...

On July 31, 2024, the Securities and Exchange Commission (“SEC”) announced that it agreed to settle allegations that a California-based broker-dealer sold in excess of $13 million in “L bonds,” a ...

After five years, many advisors and brokers remain divided on the Securities and Exchange Commission’s Regulation Best Interest. Known colloquially as Reg BI, the rule was developed under the first ...

Former SEC attorneys are warning dual-registrant brokerage firms to brace for a crackdown over their recommendation of more expensive brokerage accounts—enforcement they say may rival the regulator’s ...

A broker-dealer's recent settlement of charges that it failed to look out for clients' interests is showing that acquisitions don't always just bring in new advisors and clients; they sometimes also ...

Brokers and investment advisors must thoroughly understand products and clients’ financial needs before making recommendations, which includes having a list of alternatives they have considered, the ...

The SEC settled charges with two Laidlaw & Co. reps that they violated Regulation Best Interest by recommending frequent trades that boosted their commission at the expense of clients. The commission ...

TIAA-CREF Individual & Institutional Services (TC Services) will pay more than $2.2 million to settle Securities and Exchange Commission charges that it violated Regulation Best Interest when ...