A broker at HighTower Advisors LLC, the startup with the sterling pedigree, has been sued over the sale of private notes into a feeder fund for what turned out to be a massive Ponzi scheme.
Renee Brown is president of the Real Estate Securities Investment Association. She also co-founded a due diligence firm.This week, the SEC charged her with bilking investors
Merrill Lynch Wealth Management confirmed today that Jimmy Tighe, who left Morgan Stanley Smith Barney this week, has joined the firm.
Citi Smith Barney and Raymond James Financial Services Inc. have won major arbitration claims involving institutional and individual clients seeking tens of millions of dollars in restitution for the purchase of auction rate securities.
Ponzi scam artists will have greater freedom to flourish if state regulators are assigned expanded oversight of RIA firms, according to panelists at the Financial Services Institute Inc.'s annual conference last week.
Firm to be acquired by socially conscious investing shop; combined broker-dealers in top 30 of independent B-Ds
Embattled broker GunnAllen Financial Inc. has lost a top-producing branch — the broker-dealer's first major defection since the abrupt resignations in December of its holding company's chairman and chief financial officer.
Questions surround the beleaguered firm after owner and chairman resigns.
Ameriprise Financial Inc.'s plan to open its brokerage platform to outside variable annuities falls short of the open architecture favored by other independent broker-dealers.
