When excessive trading occurs in a retail investment account, the financial damage often extends far beyond market losses. High commissions, margin interest, and frequent turnover can quietly erode principal even in favorable market conditions. A recent enforcement action highlighted by InvestmentNews provides a clear example of how regulators evaluate these risks under Regulation Best Interest [...]

When Regulation Best Interest (Reg BI) went into effect in June 2020, it was designed to raise the standard of conduct for broker-dealers. At its core, Reg BI requires brokers to put their retail customers’ interests ahead of their own financial incentives. A recent enforcement action filed by the Financial Industry Regulatory Authority (FINRA) offers [...]

When investors experience significant losses, they must often determine whether those losses were due to market volatility or to a failure of professional conduct. Publicly available regulatory disclosures, such as those from FINRA, provide critical context for investors evaluating their recovery options. One such record involves Tally Lykins (CRD #2439455), a financial professional currently associated [...]

When investors entrust their savings to financial professionals, they rely on a framework of oversight to keep the markets honest. At the heart of this framework is FINRA Rule 8210—the regulator’s “subpoena power.” A recent disciplinary complaint filed by FINRA’s Department of Enforcement against Tory A. Duggins (CRD #4556340) serves as a critical reminder of [...]