LPL, Wells Fargo and three Advisor Group firms avoided penalties for 'extraordinary cooperation' with Finra's investigation.
Merchant Investment Management is a private partnership that invests in growth companies and other opportunities. According to its website, Merchant Investment Management this year has focused on investing in the wealth management industry.
The company failed to reveal conflicts of interest concerning marketing fees paid by clients for mutual funds, according to the regulator. The independent broker-dealer 1st Global Advisors was acquired by Blucora in 2019.
William A. Birdthistle is currently a professor at Chicago-Kent College of Law. The division oversees regulatory policy for investment advisers.
According to the order, Global failed to offset certain portfolio company fees against management fees charged to clients, as required under its offering and governing documents.
A Cerulli study shows that of the roughly 103,000 advisers who plan to retire by 2030, 26% are unsure of their succession plans.
At times advisers may have to rescue clients from problems they have created by going it alone.
In stride with record net inflows, the ETF industry is launching new funds and finding creative ways to take market share from the legacy mutual fund space.
Most retirees are likely forced to cut down costs due to insufficient savings, a new paper from the Center for Retirement Research found.
Roisman, who has been a commissioner since 2018, played a key role in Trump-era efforts by the SEC to rein in proxy advisory firms and to make it easier for companies to block submissions from newer stockholders.
Sterling Wealth Group is based in Melville, New York and was formerly affiliated with MML Investors Services.
Since September, MAI has been owned by Galway Insurance Holdings, a New York-based financial services distribution company.
The agency's Standard of Conduct Implementation Committee found content and format problems after reviewing a cross section of filings.
Gov. Jay Inslee says legislators need time to refine the program, the Washington Cares Fund.
Employees often communicated about business on their personal devices, using text messaging applications, such as WhatsApp. The compliance systems were not keeping up with technological advances, an expert said.
The fund giant estimates the cuts save investors $18.9 million, based on fiscal-year comparisons.
The regulator says the firm failed to review more than 100 accounts for junk-bond concentrations.
The case alleges fiduciary breaches based on the existence of cheaper investment options on the market than those used in the plan.
The Government Accountability Office's report analyzed 69 SEC reviews of Finra since fiscal 2018.
Breaking out of your brand’s usual programming helps break through the attention barriers of customers and prospects.
