The Financial Industry Regulatory Authority Inc. has suspended former Waddell & Reed rep Spencer Sullivant for 18 months and fined him $5,000 for cheating on a Series 24 exam he took in August 2019.
Sullivant hid study materials for the test in his testing center's restroom, then visited the restroom during two unscheduled breaks from the test, Finra said in a letter of acceptance, waiver and consent. Sullivan had previously failed to pass the exam, which qualifies a registered representative to serve as a branch manager.
After working at Waddell & Reed from 2015 through 2017 and from 2018 to 2020, Sullivant left the firm and joined Edward Jones in February. He was discharged by Edward Jones in March when concerns arose relating to the Series 24 exam. He is no longer employed in the securities industry.
Summit Financial unveiled a suite of eight new tools, including AI lead gen and digital marketing software, while MassMutual forges a new partnership with Orion.
A new analysis shows the number of actions plummeting over a six-month period, potentially due to changing priorities and staffing reductions at the agency.
The strategic merger of equals with the $27 billion RIA firm in Los Angeles marks what could be the largest unification of the summer 2025 M&A season.
Report highlights lack of options for those faced with emergency expenses.
However, Raymond James has had success recruiting Commonwealth advisors.
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.
