Donald Runkle, ex-chief compliance officer for Raymond James Financial Services, joining law firm

Plans to help Edgerton & Weaver, which specializes in representing B-Ds, RIAs and registered reps, build its consulting business

May 13, 2014 @ 1:13 pm

By Bruce Kelly

 donald runkle, raymond james financial services, edgerton weaver, attorney, regulatory, litigation
+ Zoom
Donald Runkle

The former longtime chief compliance officer for Raymond James Financial Services Inc., Donald Runkle, is joining the law firm of Edgerton & Weaver as director of consulting services.

With offices in California, New York and Florida, Edgerton & Weaver specializes in representing broker-dealers, registered investment advisers and registered reps in litigation and regulatory matters.

“This representation has also led to a growing variety of consulting engagements, and the firm has asked me to join them to lead these consulting efforts and grow the practice,” Mr. Runkle wrote in an e-mail to InvestmentNews. “Our group will be helping clients develop, implement and execute strategies to mitigate or eliminate litigation and regulatory risks.”

Mr. Runkle's departure last month from Raymond James Financial Services came as a surprise to some who know that firm well. He had been with RJFS — and its prior incarnations — since 1993.

With 3,279 affiliated registered reps and advisers, RJFS is the independent broker-dealer arm of Raymond James Financial Inc. It is the third largest independent broker-dealer in the industry, with $1.35 billion in 2013 revenue, according to InvestmentNews' latest survey.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

The Fuse impact: The judges weigh in

When vying for top honors at Fuse, it all comes down to a panel of judges. Hear directly from them on what they're looking for in finalists, and what gets them excited about this event every year.

Video Spotlight

Are Your Clients Prepared For Market Downturns?

Sponsored by Prudential

Recommended Video

Path to growth

Latest news & opinion

Jerry Schlichter's fee lawsuits have left an indelible mark on the 401(k) industry

After a decade of litigation, fees are lower and retirement plans are more transparent. But have the lawsuits gone too far?

10 best financial adviser jokes

How many financial advisers does it take to screw in a lightbulb?

With margins crashing, broker-dealers look to merge: report

Increased regulation is straining profit margins among broker-dealers, sending many of them into the arms of their bigger brethren.

Hackers may have profited from SEC breach

The hack of the agency's Edgar filing system occurred in 2016, but the regulator didn't conclude until last month that the cybercriminals may have used their bounty to make illicit trades.

Top 10 financial firms ranked by investor satisfaction

Find out which firm took the top slot for overall investor satisfaction for the second year in a row.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print