A federal judge in New York has thrown out an antitrust lawsuit seeking to block the $26 billion takeover of TD Ameritrade Holding Corp. by the Charles Schwab Corp.
District Judge Gregory H. Woods said the suit, brought by BlackCrown, an Old Westbury, N.Y.-based registered investment adviser, violated federal procedure because it was not filed by an attorney, as is required for corporate entities bringing suits.
The judge said the suit could be refiled if BlackCrown is represented by a lawyer.
BlackCrown Chief Executive Franklin Tsung signed the complaint as a pro se litigant, meaning that he was representing himself.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
