TIAA to Pay $2.2M for Reg BI Violations in IRA Program
By Melanie WaddellThe firm didn't disclose that core funds were more cheaply available in the IRAs' brokerage window, regulators say.
January 22, 2024
FINRA Suspends Broker Over Reg BI ViolationsThe broker engaged in quantitatively unsuitable trading in the accounts of eight clients, three of whom were seniors.
December 11, 2023
FINRA Releases Reg BI NoticeThe notice points broker-dealers to various SEC resources to help them comply with the best-interest rules.
November 29, 2023
FINRA Bars Broker Over Reg BI ViolationsThe broker's excessive trading caused clients to lose over $2.3 million, FINRA said.
November 20, 2023
SEC Fines Two Brokers for Reg BI ViolationsThe brokers used "frequent in-and-out trades," the regulator said.
November 14, 2023
Advisors Selling Annuities, Beware: CFP Standards and NAIC Annuity Sales Rules DifferWhen CFP Board rules are stricter than NAIC rules, CFPs must follow the higher standard of care.
October 03, 2023
Expelled New York BD to Pay $235K for Reg BI ViolationsSW Financial recommended a risky strategy that lost money while reps collected $660,000 in commissions, the SEC said.
September 22, 2023
SEC Hits Wisconsin BD With Reg BI FineThe firm's policies and procedures contained Reg BI language but weren't tailored to its business, the SEC said.