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Investors don't know much about investment basics, Finra finds
NEWS INDUSTRY NEWS DEC 12, 2019
Investors don't know much about investment basics, Finra finds

Regulator's Investor Education Foundation survey reveals little knowledge of key concepts.

RIAs bite their nails when deciding to sell the firm
NEWS INDUSTRY NEWS DEC 11, 2019
RIAs bite their nails when deciding to sell the firm

Seventy percent experience anxiety over the decision, HighTower study finds.

Pennsylvania RIA acquires $200 million RIA
NEWS INDUSTRY NEWS DEC 11, 2019
Pennsylvania RIA acquires $200 million RIA

EHD Advisory Services was formerly affiliated with EHD Insurance in Lancaster, Pa.

Wentworth acquires hybrid managing $2.7 billion
NEWS INDUSTRY NEWS DEC 11, 2019
Wentworth acquires hybrid managing $2.7 billion

Aurora Private Wealth is based in Rockaway, N.J.

Mercer acquires $230 million wealth management firm
NEWS INDUSTRY NEWS DEC 10, 2019
Mercer acquires $230 million wealth management firm

Houston-based Republic Wealth Advisors will add to Mercer's presence in Texas.

Indie managing $270 million moves to Cetera from LPL
NEWS INDUSTRY NEWS DEC 10, 2019
Indie managing $270 million moves to Cetera from LPL

HMC Partners is based in Greensboro, N.C.

Morgan Stanley lays off approximately 1,500 workers
NEWS INDUSTRY NEWS DEC 09, 2019
Morgan Stanley lays off approximately 1,500 workers

The job cuts, mostly in tech and operations, are part of a year-end efficiency push.

SEC slaps Jefferies with $1.25 million penalty over ADRs
NEWS REGULATION AND LEGISLATION DEC 09, 2019
SEC slaps Jefferies with $1.25 million penalty over ADRs

Agency says firm improperly borrowed securities from other brokers

Stop coming up with ideas to raid retirement savings
RETIREMENT RETIREMENT PLANNING DEC 07, 2019
Stop coming up with ideas to raid retirement savings

Let's call out these plans for what they are

SEC seeks jury trial in case against operator of phony GIC scheme
NEWS REGULATION AND LEGISLATION DEC 05, 2019
SEC seeks jury trial in case against operator of phony GIC scheme

Agency wants Lester Burroughs, a rep at Lincoln Investment Planning, to disgorge gains.