Chad Bester is joining Mount Yale Capital Group in Minneapolis.
The rights to the use of the empower.com domain are at the heart of the suit, which was filed in federal court in Illinois.
SEC previously charged George Heckler with fleecing $20 million from investors in a decade-long fraud.
Nashville, Tennessee-based GenXFinancial is acquiring Boston Partners Financial Group to form a $9 billion firm.
Brian Collins joins from Harbor Capital Advisors, a Chicago-based investment manager for Harbor Funds and pooled investment vehicles.
Kyle Smith and Michael Sandlin are leaving Truist Investment Services in Raleigh, North Carolina.
Ventura, California-based Channel Islands Group also runs an estate planning business.
Tim Devlin and Michael Jeremiah are joining the firm in Spokane, Washington.
In an investor alert, the agencies point out four tactics that fraudsters use to trick investors, such as spoofed websites and fake profiles on social media platforms.
Inflows to 4,929 funds worldwide fell 24% from the first quarter’s record $184 billion, according to a Morningstar report.
