The brokerage firm's in-house energy fund, Energy 11 L.P., reports $45 million in 'unpaid distributions' to investors.
The insurer will pay almost $21.6 million to consumers and their beneficiaries, along with $2.2 million to the New York State Medicaid program and a $2.5 million penalty to New York state.
Brian Falconer and 16 reps operate as Wealth Management Resource Group in Braintree, Massachusetts.
The asset manager said requiring new disclosures for funds that just consider ESG criteria among many other factors could muddle the situation.
Finra has proposed a pilot program for firms that want to continue remote inspections, in line with the seemingly permanent use of remote work.
Eric Noll, the CEO of Context Capital Partners, first joined the Finra board in August 2020.
A roundup of the week's fintech news for financial advisers.
The nonprofit organization announced that grants increased 14% during the first half of 2022, totaling a record $952 million.
The QDIA combines a target-date fund for younger individuals and Stadion’s StoryLine managed account service for participants aged 50 and older.
The addition of E. F. Heagan & Associates and Mandichak Investment Retirement & Estate Planning brings more than 500 new clients.
The wirehouse is also adding additional automation to its Shareworks and Equity Edge Online platforms.
The Diamond Standard Fund is trying to provide a standardized way to trade diamonds and is working with wealth managers, high-net-worth investors, family offices, IRA platforms and institutional investors.
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
Pending investigation, Massachusetts adviser Filippo Mastrocola can’t use CFP certification mark.
Criminal and civil fraud charges were filed against Anthony Mastroianni Jr., who sold fake promissory notes to older investors.
Alison Dooher, head of digital adviser solutions at Schwab Advisor Services, gives a look at the brokerage's integration road map.
The number and total dollar amount of charitable gifts increased 10% last year, and the average gift size also spiked.
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
Firms are constrained by legacy technology stacks, and it's not easy for them to pivot and deliver the connected digital wealth experience their advisers want.
Regulator says rep defrauded clients by saying variable annuities were commission free.
