The Financial Industry Regulatory Authority has barred former Wells Fargo broker Leonard Kinsman of Staten Island, N.Y., for failing to take part in an investigation looking into his activities when he was registered there from June 2014 to July 2019.
Last July, Wells Fargo Advisors Financial Network, the firm’s independent arm, discharged Kinsman for “unprofessional conduct.” There is no detail of that conduct in Finra's letter of acceptance, waiver or consent, or in Kinsman’s BrokerCheck record, which does not indicate that he was discharged.
Kinsman’s BrokerCheck record shows an April 9, 2019, settlement in the amount of $995,000, noting a claimant’s allegations that Kinsman made unsuitable recommendations and forged and falsified business records from 2012 through 2017.
Two 2019 articles in the New York Post accused Kinsman of mishandling the investing of a $2.25 million insurance settlement paid to a widow upon her husband's death.
After a two-year period of inversion, the muni yield curve is back in a more natural position – and poised to create opportunities for long-term investors.
Meanwhile, an experienced Connecticut advisor has cut ties with Edelman Financial Engines, and Raymond James' independent division welcomes a Washington-based duo.
Osaic has now paid $17.2 million to settle claims involving former clients of Jim Walesa.
Oregon-based Eagle Wealth Management and Idaho-based West Oak Capital give Mercer 11 acquisitions in 2025, matching last year's total. “We think there's a great opportunity in the Pacific Northwest,” Mercer's Martine Lellis told InvestmentNews.
Osaic-owned CW Advisors has added more than $500 million to reach $14.5 billion in AUM, while Apella's latest deal brings more than $1 billion in new client assets.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
