'The evidence further reflected a pattern of churning,' one executive said about the case.
'The GPB case is bewildering,' says one senior brokerage executive.
SEC bars advisors who worked with Georgia Ponzi broker.
'What KKR is doing is a bold move that favors the investor,' one senior industry executive says.
'For a CEO to be investigated by Finra is a pretty serious red flag, traditionally,' says one attorney.
The NFLPA has shifted its focus from union-vetted individual advisors to powerhouse financial institutions, but is it helping the players in our ‘modern-day blood sport’.
Financial advisors are using ERISA to argue they are owed deferred compensation.
'Brokerage firms must broaden their horizons about what’s under scrutiny by regulators and what isn’t,' one compliance executive says.
'The positive thing about this award is that it is roughly 10 times the net out of pocket losses to the client,' says the client's attorney.
'We're hearing more horror stories' about clients becoming targets after a data breach, one attorney says.
