Wendy Lanton and Jim Nagengast have been elected to represent small firms and large firms, respectively, on the board of the Financial Industry Regulatory Authority Inc.
Lanton is chief operations and compliance officer at Lantern Investments Inc., of Melville, New York. She will serve a three-year term as a small firm governor.
Large firms reelected Nagengast, who is chief executive of Securities America Financial Corp. and president of Securities America Inc. He has served on the Finra board since 2018, when he was elected by large firms via a special election to fill a large firm governor vacancy.
Finra is overseen by a 24-member board of governors, the majority of whom are public members. The industry governors include three from large firms, one from midsize firms and three from small firms, as well as one floor member, one independent dealer/insurance affiliate and one investment company affiliate. Finra governors are appointed or elected to their terms and may not serve more than two consecutive terms.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
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.
