The Securities and Exchange Commission has barred a former Merrill Lynch broker in Chicago, alleging that he stole more than $1.7 million from at least three of his clients.
Marcus Boggs allegedly misappropriated his clients’ money by selling securities in their advisory accounts and then transferred the proceeds to his personal credit card account, according to the order. The SEC said Mr. Boggs was fired by the firm in December 2018 and barred by the Financial Industry Regulatory Authority Inc. in November 2019.
Additionally the SEC alleged that Mr. Boggs made more than 200 illegal transfers from clients’ accounts to pay for his credit card purchases.
Medicare scam, pandemic benefit theft, offshore tax evasion — federal prosecutors are casting a wide net.
Report finds that pension income acts as a financial lifeline for retirees facing late-life shocks and raises urgent questions about the DC-only future.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
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
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
