The 32-year industry veteran, whose team at Merrill had $2.9 billion in assets, launches Keebeck Wealth Management in Chicago.
Industry plaintiffs who succeeded in vacating the regulation filed a motion seeking no further action.
How will the four wirehouses react to this news?
The Senior Safe Act and new Finra rules are the latest initiatives to encourage advisers to intervene in cases of elder financial fraud. But the measures don't guarantee advisers won't be sued.
Efforts to protect seniors from fraud, exploitation may invite legal battle.
SEC alleges money from newer UDF fund was being used to pay distributions to investors in older fund.
The claimant's broker at UBS has 183 disclosures on his BrokerCheck report.
That depends on whether it has the cash and determination to pull the trigger on what could be a billion-dollar deal.
The firm notified brokers that new clients can choose whether or not to allow advisers to take their information with them if they leave the firm.
UBS exec Richard Steinmeier will replace Bill Morrissey, who is retiring after a number of LPL recruiters jumped ship.
