InvestmentNews

InvestmentNews
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NEWS INDUSTRY NEWS OCT 06, 2017
Finra denies WSJ report that regulator has underperforming portfolio

Regulator says Journal's analysis makes improper comparison of returns.

YOUR PRACTICE FINTECH OCT 05, 2017
Redtail launches compliant texting platform

New service will record and archive text messages in searchable format.

NEWS REGULATION AND LEGISLATION OCT 03, 2017
Judge overturns SEC sanctions on adviser

Judge says barred broker was supplied false statements by boss, who had 'ultimate authority' over them.

NEWS RIAS OCT 03, 2017
Long-time FiNet executive buys stake in $800 million firm

YOUR PRACTICE PRACTICE MANAGEMENT OCT 03, 2017
Michael Durbin named president of Fidelity Institutional

He succeeds Jeffrey P. Lagarce, a long-tenured Fidelity executive who will be transitioning to a senior adviser role.

NEWS INDUSTRY NEWS OCT 02, 2017
Ex-broker ordered to pay $550K for bilking investors with modest incomes

SEC obtains default judgment on reckless trading of leveraged ETFs and ETNs, theft from unsophisticated investors.

NEWS WIREHOUSES OCT 02, 2017
Bank of America names new head of US Trust

Katy Knox named president, replacing Keith Banks, who will become vice chairman of the global wealth and investment management unit.

NEWS INDUSTRY NEWS SEP 29, 2017
SEC charges barred broker with masterminding $6 million real estate scam

Leonard Vincent Lombardo, who has been barred from the securities industry by Finra for about 20 years, allegedly defrauded 100 investors.

NEWS INDUSTRY NEWS SEP 28, 2017
H. Beck censured, fined $50,000 for unsuitable ETF trades

Letter of consent comes after firm paid $1.5 million in related arbitration case.

NEWS INDUSTRY NEWS SEP 27, 2017
Colorado indicts former LPL rep on securities fraud, theft charges

Sonya Camarco accused of diverting more than $850,000 from client accounts.