The Financial Industry Regulatory Authority has barred former Wells Fargo broker Leonard Kinsman of Staten Island, N.Y., for failing to take part in an investigation looking into his activities when he was registered there from June 2014 to July 2019.
Last July, Wells Fargo Advisors Financial Network, the firm’s independent arm, discharged Kinsman for “unprofessional conduct.” There is no detail of that conduct in Finra's letter of acceptance, waiver or consent, or in Kinsman’s BrokerCheck record, which does not indicate that he was discharged.
Kinsman’s BrokerCheck record shows an April 9, 2019, settlement in the amount of $995,000, noting a claimant’s allegations that Kinsman made unsuitable recommendations and forged and falsified business records from 2012 through 2017.
Two 2019 articles in the New York Post accused Kinsman of mishandling the investing of a $2.25 million insurance settlement paid to a widow upon her husband's death.
Deal volume increased post-election but now caution has taken over.
Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.
The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.
The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.
Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
