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A Financial Industry Regulatory Authority arbitration panel has ordered Wedbush Securities and one of its former brokers to pay $2.9 million in damages and fees to an elderly investor who allegedly fell victim to a faulty investment scheme.

Brokerage generated 11% profit margin in Q1, still well below its stated goal; more work ahead.

Those financial planning designations just keep on coming, and investor lawsuits may not be far behind, some in the industry say.

Financial titles can mislead, entrap unwary. Not everyone has expertise or your interests at heart.

Pity the older people. They just can’t catch a break. Preyed upon by relatives, caregivers and con men, they are also, experts say, ill-equipped to choose someone to advise them on their finances.

Urges consumer bureau to devise system to rank designations.

The Certified Financial Planner Board of Standards has written a letter to the Consumer Financial Protection Bureau urging the recently established agency to create a ratings system for financial certifications and designations.

Agency files record number of cases in fiscal 2012; more of the same coming.

Finding the right financial planner can be a confusing process. To simplify the search, the SEC has released a new bulletin that contains tips for finding one.

Regulator backtracks from earlier, broader rule interpretation.