Nontraded REITs are facing hurdles, higher interest rates, headlines about half-empty office buildings, and investors pulling their money from products.
'Handshake' deal goes wrong for two south Florida advisors.
In twist, the broker has blamed other members of a town board for allegedly allowing the theft.
'Sophisticated hackers for last 10 years have constantly improved their ability to breach systems,' compliance consultant says.
Was an all-you-can-eat shrimp promotion to blame?
'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.
'The wealth managers have been unbelievably supportive through all of this,' said Bryant Riley, the firm's chair and co-CEO.
The use of unmonitored messaging apps by financial advisors has been on the rise in the wake of the Covid-19 pandemic.
'Does Osaic really need these redundancies in management,' asked one industry executive.
'The advisor wants to get out of the business at 65 or 70 but clients will live to be around till 90,' says one banker.
