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Merit Financial adds LPL veteran Andy Kalbaugh to its board
Kalbaugh will work with the fast-growing wealth management firm's executive leadership on strategic planning.
New iCapital platform gives advisors turnkey access to alternative investments
Marketplace combines hundreds of existing platforms run by providers of alternative investments into a single network.
Finra spanks Schwab with $350,000 fine over disclosures on ETNs
Schwab self-reported the issues with disclosures related to exchange-traded notes, which occurred from January 2016 to December 2020, to Finra.
What the SEC lawsuit against Coinbase means for advisors
Advisors will likely face more stringent compliance requirements as a result of the SEC's actions and may need to reassess their compliance programs to adequately address the unique risks associated with digital assets.
Former SEC Chair Clayton makes case for democratizing alternative investments
Clayton took a swipe at the current leadership of the Securities and Exchange Commission for swinging too far in the wrong direction.
Coinbase crackdown widens as states push to halt staking product
Both federal and state officials drilled in on the firm's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.
House unanimously passes bills to expand accredited investor pool
The legislation mandates that the SEC think beyond current income and wealth thresholds to define the sophisticated investors who are qualified to buy private securities.
SEC sues Coinbase for breaking securities rules
Regulator’s suit comes day after the agency sued crypto platform Binance for a wider set of violations.
Market volatility exposes generation gap among investors
As the banking crisis unfolded during the first quarter, the youngest investors were loading up on financial sector stocks and crypto, while older investors backed off.
SEC sues crypto platform Binance for violating securities rules
The agency has for months been probing whether Binance illegally sold digital coins as the exchange was getting off the ground in 2017.
Finra fines B-D $30,000 over rep’s medical marijuana biz
Park Avenue Securities fell short in its supervision of a rep who helped operate a cannabis business, the regulator says.
House vote advances bill to set SEC test to become accredited investor
The legislation seems to strike a balance between concerns about allowing ordinary investors to buy private placements and creating opportunities for them to diversify their portfolios.
Democratization of markets doesn’t mean all investors should vote for private placements
Investor harm is occurring among so-called sophisticated investors, and strong guardrails must be put in place if access to unregistered securities becomes easier for retail investors.
California B-D that sold GWG bonds files for bankruptcy
Irvine-based JRL Capital Corp. reported total assets of $43,000 and total investor claims against the firm of $2.5 million.
Philly broker in hot water, again, over alt sales
Austin Dutton last week lost an industry arbitration claim of $43,645 to a client related to sales of GWG bonds.
Fidelity leans into alternative strategies as demand grows amid economic uncertainty
Fidelity's alts platform, which launched in 2013, has seen assets grow by 70% since 2020.
Advisor Group’s Jamie Price talks about the firm’s rebranding
In a Q&A, the Advisor Group CEO discusses what's involved in squeezing the giant operation under one broker-dealer roof and brand.
Crypto startup gets special purpose broker-dealer license with SEC
The approval allows Prometheum Ember Capital to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian.
How innovations in non-listed REIT redemption programs meet investor needs
The new generation of nontraded REITs has been designed with monthly or quarterly repurchase limits to align the interests of stockholders with the less liquid nature of the assets.
Sales of nontraded REITs remain weak in April
Nontraded real estate investment trusts reported $485 million of sales in April, the lowest level since August 2020, according to Stanger.
