'There's no rhyme or reason regarding how these penalties are determined,' one industry executive says.
Where Wall Street goes, trouble is sure to follow.
'For the next decade, we are going to be in a succession planning landslide,' one industry consultant says.
Part of her focus will be to 'cultivate and elevate the story' of Emigrant Bank in the wealth management industry, she says.
Financial advisors' clients are turning to business development companies for better yields.
As investors pull money out of real estate investment trusts, asset managers are rolling out new products to get in front of financial advisors.
'The large size of such fines underscores the point that regulators want this behavior to change quickly,' a compliance executive notes.
Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.
"This is more bad news," says a plaintiff's attorney.
Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.
