The Financial Industry Regulatory Authority Inc. has barred James Blake Daughtry, a broker with Kestra Investment Services in Dothan, Ala., for failing to cooperate with a Finra inquiry into his conduct.
In a letter of acceptance, waiver and consent, Finra said that during a telephone call between staff and Mr. Daughtry's counsel March 3, Mr. Daughtry acknowledged that he received Finra’s request and said that he would not appear for on-the-record testimony at any time.
Finra was conducting an investigation into potentially fraudulent and unauthorized transactions in several of Mr. Daughtry’s customers’ accounts.
Mr. Daughtry began his securities career at Liberty Securities in 1999 and worked at five firms before affiliating with Kestra in 2015.
The bank's new training initiative aims to add hundreds of advisors as it expands its mass-affluent advice unit, according to Barron's.
The lawyers' group warns that adjudicating certain claims externally and limiting punitive damages, among other suggestions, could hurt investors.
With Parkworth Wealth Management and its Silicon Valley tech industry client base now onboard, Savant accelerates its vision of housing 10 to 12 specialty practices under its national RIA.
The wealth tech giant is unveiling its new offerings, designed for advisor productivity and client engagement, as investors and experts continue to grapple with the implications of AI.
Meanwhile, Merchant is continuing to expand its support for RIAs by partnering with a South Dakota-chartered trust company.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
