FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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Edward Jones saw its roster of brokers fall by 306, or about 1.6%, from last year to 18,855 in June. This marks the second quarterly drop in a row. So reports Advisor Hub.
With the decline Edward Jones fell out of the top spot, with LPL Financial taking over as the leading broker by headcount. LPL’s ranks jumped to 19,114 at the end of Q1, thanks, in part, to acquisitions.
Edward Jones had seen its headcount growing at about a 6% clip prior to COVID-19, but it paused hiring early in 2020. It resumed hiring in September 2020 but has lagged since.
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