In separate cases, the Financial Industry Regulatory Authority Inc. has barred Shlomo Strugano and John Chrysadakis for failing to take part in investigations looking into their conduct.
Mr. Strugano, who worked for 12 firms from 1999 to 2015, when he resigned from First Allied in Reseda, Calif., was being investigated by that firm for having allegedly forged or falsified customer signatures and initials on account and transaction documents. He is not currently an employee of a securities firm.
Mr. Chrysadakis resigned from Northwestern Mutual Investment Services in March after denying allegations of fraudulent activity, including alleged forgery of nonvariable insurance forms and alleged submission of unauthorized nonvariable policy applications, as well as undisclosed financial liens and judgments. He is no longer employed in the securities industry.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
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.
