Castellanos, personally and through a sales team of about 42 sales agents, allegedly solicited and raised at least $25.2 million in MJ Capital’s unregistered securities from at least 1,222 investors.
FIDx CEO Rich Romano says operational friction, compliance complexity and fragmented workflows, not lack of demand, are holding advisors back from delivering guaranteed income solutions at scale.
Investors rush to buy claims as courts weigh who ultimately gets billions in tariff refunds.
Survey highlights strong trust in DC plans and resistance to tax or structural reforms.
The proposal would revise the 2002 safe harbor rule so that, for participants and beneficiaries who first become eligible after December 31, 2025, a plan that uses the 2002 safe harbor to deliver a pension benefit statement electronically must provide a one-time initial paper notice.
A “non-carrying broker-dealer,” or one whom holds specific exemptions from Rule 15c3-3, is exempt from Rules 17h-1T and 17h-2T if threshold requirements are met.
“The acceleration of generative AI is foundational to how firms operate, compete, and serve clients,” said Germán Soto Sanchez, chief product and strategy officer at Broadridge Financial Solutions.
Anthropic's new Claude integrations target RIAs, broker dealers, custodians, TAMPs, as new research from DeepVest finds mainstream AI models produce errors on 85 percent of investment management prompts.
Castellanos allegedly raised $25.2M from over 1,200 investors — without a single securities license.
Also, Raymond James expands its financial institutions arm in the Kansas City area while Baird has elevated two seasoned veterans into key director roles.
When wealth spans generations, the toughest challenges aren’t about markets or tax codes- they’re about people. In this insightful piece, Lana E. Hock, CFP®, ChFC®, CDFA®, QPFC reveals how intentional philanthropy can become a powerful “training ground” that engages heirs, aligns family values, and strengthens multigenerational wealth stewardship.
Quad-A CEO Sheena Gray says modernizing commission rules could give independent Black-owned firms more flexibility to hire, scale and serve underserved investors.
New proposal would offer federal-style investing options and up to $1,000 in annual government matching for workers shut out of workplace plans.
InvestmentNews trawls through the highlights of the longest ever State of the Union address.
Greg Robinson tells InvestmentNews how the firm has paired startups with advisors to accelerate AI-driven solutions, tackle the historic wealth transfer and reshape client outcomes for generations to come.
LPL Financial is missing a potential multi-million dollar penalty.
The SEC rule would restore only third-month data in a fund’s fiscal quarter being made public, and extending the forms monthly deadline to 45 days after month-end.
Where a CAB recommends a securities transaction to an eligible employee who qualifies as a retail customer under Regulation Best Interest or a retail investor for Form CRS, the CAB must comply with Reg BI and Form CRS.
“If AI is to play a role in their business operations, advisors would do well to disclose where it is used," said John McKenna, senior analyst at Cerulli.
Leading advisors discuss how wealth managers should handle fast-evolving threats and technology.
