Cetera Advisor Networks will pay a $125,000 fine and accept a censure from the Financial Industry Regulatory Authority Inc. in connection with customer privacy breaches.
In a letter of acceptance, waiver and consent, Finra said that between October 2019 and July 2020, Cetera used a third-party vendor to help with brokers transitioning to the firm and failed to take steps to verify whether the reps or their former broker-dealers had notified customers about the disclosure of their nonpublic personal information to the vendor.
In all, 26 recruited representatives took nonpublic personal customer information from their broker-dealers and disclosed it to the vendor. By doing this, Finra said, Cetera caused the other broker-dealers to violate Regulation S-P.
The new AI feature generates instant client portfolio talking points, slashing meeting prep time for advisors.
As Citizens expands its advisory footprint, the bank is also going after wealth trapped inside business ownership
The Forbes rankings are highly sought after by some advisors and firms for marketing purposes.
Meanwhile, an advisor tuck-in from Edward Jones expands Kestra's Washington, D.C.-area presence, and Janney deepens its Connecticut footprint with an experienced Wells Fargo advisor.
KFN Succession Center pairs advisors weighing retirement with buyers, as next-gen affordability keeps eroding industry-wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
