InvestmentNews

InvestmentNews
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Vitesse Media to buy InvestmentNews in $27.1M deal
RIA NEWS JUL 31, 2018
Vitesse Media to buy InvestmentNews in $27.1M deal

London-based buyer to gain toehold in U.S. media market in transaction expected to close mid-August. InvestmentNews leadership team remains intact.

Four Wells Fargo reps managing $550 million go indie with Raymond James
INDEPENDENT BROKER DEALERS JUL 31, 2018
Four Wells Fargo reps managing $550 million go indie with Raymond James

Each will operate his own businesses from one location in Roswell, Ga.

Fidelity seeks injunction against rep who oversaw $2.7 billion
REGULATION AND LEGISLATION JUL 31, 2018
Fidelity seeks injunction against rep who oversaw $2.7 billion

Laurence Rollins accused of taking trade secrets to new employer.

Eight-person team managing $930 million leaves Merrill Lynch
RIA NEWS JUL 30, 2018
Eight-person team managing $930 million leaves Merrill Lynch

Millennial-dominated group creates hybrid firm and links with Dynasty

Finra asking firms for comments on fintech innovation
FINTECH JUL 30, 2018
Finra asking firms for comments on fintech innovation

Regulator wants to know what it can do to provide support.

IRS provides guidance on 529 plans
REGULATION AND LEGISLATION JUL 30, 2018
IRS provides guidance on 529 plans

IRS OKs up to $10,000 in K-12 spending and rollovers to ABLE accounts; makes recontributing tuition refunds to 529s tax-free.

Cybersecurity remains top RIA compliance concern
RIA NEWS JUL 25, 2018
Cybersecurity remains top RIA compliance concern

Nearly two-thirds of firms have increased testing in the area.

Finra whacks Advisor Group, NPH with $2.7 million in fines over variable annuity sales
LIFE INSURANCE AND ANNUITIES JUL 25, 2018
Finra whacks Advisor Group, NPH with $2.7 million in fines over variable annuity sales

Eight broker-dealers censured for supervisory laxity in monitoring VA exchanges.

SEC bars Washington State RIA for selling unregistered promissory notes
RIA NEWS JUL 25, 2018
SEC bars Washington State RIA for selling unregistered promissory notes

Complaint alleges Jack Jarrell sold $64 million in securities without being licensed.

Galvin calls out broker who claims he never had a customer complaint
REGULATION AND LEGISLATION JUL 24, 2018
Galvin calls out broker who claims he never had a customer complaint

Massachusetts securities czar says Alan Siegel lied to clients on website.