Finra says J.P. Morgan failed to properly screen non-broker employees.
Regulators are zeroing in on smart beta risks, and encouraging advisors to do likewise.
Secretary Alexander Acosta said the analysis of the rule continues, but stopped short of saying what might change.
Bars and suspensions from the industry decreased as well, from 650 in 2016 to 625 in 2017.
But pass-throughs would have to pay ordinary income taxes on retirement plan distributions.
Wells Fargo Advisors neglected to report or keep track of 50 cases of suspicious account activity, the SEC said.
You really can put a dollar figure on investor trust.
Regulators are looking at how advisors and brokers present themselves to clients, SEC officials said.
In fact, he'd like a fiduciary standard extended beyond retirement accounts.
The agency is creating a national database to ferret out barred and suspended advisors and brokers.
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