The Winter Park, Florida-based wealth practice caters to retirees, business owners, and aerospace and defense industry execs.
The Pennsylvania-based private wealth team works with high-net-worth families, business owners, professionals and executives.
The claim by a trustee overseeing the settlement is the latest twist in the failure of Prophecy Asset Management, where Brian Kahn, a B. Riley client, allegedly ran up massive losses.
Financial advisors' clients are turning to business development companies for better yields.
The broker-dealer giant is providing a money-back guarantee to newly affiliated advisors and firms.
As investors pull money out of real estate investment trusts, asset managers are rolling out new products to get in front of financial advisors.
Roughly $16 billion of brokerage and advisory assets are set to change hands in the acquisition.
'The large size of such fines underscores the point that regulators want this behavior to change quickly,' a compliance executive notes.
Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.
Goldman Sachs executive had been tipped for CFO and other top roles.
"This is more bad news," says a plaintiff's attorney.
The advisor, based in North Carolina, oversaw roughly $130 million in assets at Osaic.
The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.
About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.
New high-net-worth services offering provides access to advisory dream team of attorneys, CPAs, and advanced planning specialists.
Echelon Partners report shows RIAs continuing to gain market share in 2023, while private equity firms figured in three-fifths of transactions.
The firm will settle claims with two US regulators that it failed to feed information on trades into market surveillance systems.
The board lifted the CEO's pay after the firm's profit tumbled last year.
'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.
Based in South Florida, the Behar-Nagel Group is the latest to join Raymond James’ employee advisor channel.
