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InvestmentNews
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Franklin Templeton unit to acquire $6 billion Athena Capital Advisors
NEWS RIAS JAN 07, 2020
Franklin Templeton unit to acquire $6 billion Athena Capital Advisors

Massachusetts-based RIA will become part of Fiduciary Trust Co. International

January 6, 2020
DIGITAL ARCHIVE JAN 06, 2020
January 6, 2020

Mass Mutual team managing $460 million affiliates with LPL
NEWS INDUSTRY NEWS JAN 06, 2020
Mass Mutual team managing $460 million affiliates with LPL

Twenty-Four Wealth Management will also use Stratos Wealth Partners

Judge throws out suit that aimed to block Schwab acquisition
NEWS REGULATION AND LEGISLATION JAN 03, 2020
Judge throws out suit that aimed to block Schwab acquisition

RIA BlackCrown violated procedure by filing antitrust lawsuit without attorney

Finra slaps Cambridge with $150,000 fine over UIT sales
NEWS REGULATION AND LEGISLATION JAN 02, 2020
Finra slaps Cambridge with $150,000 fine over UIT sales

Also censures firm, again, for not paying discounts to eligible customers

Almost 8 in 10 millennial investors put ESG first
NEWS INDUSTRY NEWS JAN 02, 2020
Almost 8 in 10 millennial investors put ESG first

Global study found 77% of this age group consider environmental, social and governance concerns more important than returns

Small RIA challenges Schwab’s TD Ameritrade acquisition
NEWS RIAS JAN 02, 2020
Small RIA challenges Schwab’s TD Ameritrade acquisition

New York’s BlackCrown files antitrust suit saying deal would decimate small firms

Oppenheimer to pay $3.8 million to customers over UIT charges
NEWS REGULATION AND LEGISLATION DEC 31, 2019
Oppenheimer to pay $3.8 million to customers over UIT charges

Finra also fines firm $800,000 for failure to supervise UIT rollovers

Promissory notes, Ponzi schemes top investor threats for 2020, says NASAA
NEWS REGULATION AND LEGISLATION DEC 24, 2019
Promissory notes, Ponzi schemes top investor threats for 2020, says NASAA

State regulators also see trouble in real estate, cryptocurrencies and social media investments

Credit Suisse censured, fined $6.5 million over trading supervision
NEWS REGULATION AND LEGISLATION DEC 24, 2019
Credit Suisse censured, fined $6.5 million over trading supervision

Finra and exchanges say firm’s clients generated more than 50,000 alerts