The behavioral economist creates new strategies and thinks broadly about long-term questions for the firm, in a role he was once paid for in wine.
Since the SEC bar in 2010, Barry Kornfeld has sold commercial mortgage loans of the Woodbridge Group of Companies, which filed for Chapter 11 bankruptcy and has stopped paying investor distributions.
Regulator also seeks to set one-year limit from time a case closes to request a hearing.
Regulators question why investors would pay more for additional liquidity on a long-term product.
Firms such as Dynasty Financial Partners and Raymond James have seen an uptick in engagement among wirehouse brokers.
Firms allegedly sold AlphaSector strategies with false track records.
Four advisers join employee-channel offices in New York's Westchester and Long Island suburbs.
Many RIAs have access to external cash, but should be clear on how that money would be used and the motivations and time line of the investor.
The "income, diversify and interest rate" pitch was never the main draw for brokers.
Sixty percent of retired boomers said life is better than they had expected.
Take advantage of a likely pickup in mergers and acquisitions through financial services funds and bank stocks.
Allegations against the wirehouse's former managing director include sexual harassment, which Ford denies.
The association of small advisers had been affiliated with the recently-acquired NPC.
Calif.-based Continuum Advisory makes change after only 20 months.
Firm is back in hot water for poor supervision of VA sales, among other violations
Ladenburg Thalmann subsidiary agrees to pay restitution of almost $250,000 for overcharges.
Conservative bond portfolio will return only about 3% annually over the next decade, making it hard for pensions to meet their targets.
Vulnerabilities include access-management systems and people processes, according to report on exam findings.
Broker-dealer self-regulator summarizes deficiencies on areas including product suitability, cybersecurity
Senate Banking Committee approves measure as part of larger Dodd-Frank reform bill.
