News Roundup (677)
Ed Jones Granted Restraining Order Against Rep Who Quit, Set Up Shop Next Door
- Friday, 28 May 2021
- News Roundup
- Written by PFA News
Russell Ryon Riggan, who managed $500 million for Edward Jones in Texas, resigned without notice after 15 years with the firm, locked the office’s staff out, and then set up shop next door as a broker for Raymond James. So reports Financial Advisor.
Read more...How FAs Can Avoid Some Basic Pitfalls with Clients
- Saturday, 01 May 2021
- News Roundup
- Written by PFA News
A recent column in Financial Advisor Magazine entitled ‘Where Have All The Advisors Gone?’ highlights a number of areas clients say they are being underserved. This presents an opportunity for many FAs.
Read more...KC Chiefs Player to Put Entire Salary into Bitcoin
- Saturday, 01 May 2021
- News Roundup
- Written by PFA News
In consultation with his financial advisor, Sean Culkin, tight end for the Kansas City Chiefs, will become the first player in the NFL to convert his entire salary into Bitcoin. So reports GoBankingRates.com.
Read more...Fraudsters Steal FA’s Identity to Trick Investors Into Crypto Trades
- Saturday, 01 May 2021
- News Roundup
- Written by PFA News
The name of a financial advisor was used without permission to set up a website to trick investors into making cryptocurrency transactions. So reports Fox 2 Now in St. Louis.
Read more...Wells Fargo’s Branches Fall Below 5,000
- Saturday, 17 April 2021
- News Roundup
- Written by PFA News
Wells Fargo continued to shrink the number of its branches, which fell to under 5,000. So reports Business Insider.
Read more...Woman Arrested for Keeping $1.2M Schwab Gave Her By Mistake
- Saturday, 17 April 2021
- News Roundup
- Written by PFA News
Kelyn Spadoni, who was owed $82.56 by Schwab but was sent an extra $1,205,536.84, has been fired from her job and arrested for refusing the return the extra funds deposited in her brokerage account by mistake. So reports ABC 7.
Read more...Wells Fargo Prepares for Post Labor Day Return to Office
- Friday, 02 April 2021
- News Roundup
- Written by PFA News
Wells Fargo said it plans to bring employees back to its offices in September. So reports Bloomberg.
Read more...Schwab Suing Ex-Client It Gave $1.2M By Mistake
- Friday, 02 April 2021
- News Roundup
- Written by PFA News
Charles Schwab said it “inadvertently” transferred $1.2 million to the Kelyn Spadoni’s Fidelity account and now the former client is avoiding its calls. So reports Advisor Hub.
Read more...Ex-Merrill Rep Charged in Capitol Hill Insurrection
- Friday, 02 April 2021
- News Roundup
- Written by PFA News
Zachary Rehl was charged with six counts related to the January 6 attack on the U.S. Capitol, including conspiracy “(1) to stop, delay, or hinder Congress’s enforcement certification of the Electoral College vote, and (2) to obstruct and interfere with law officers engaged in their official duties to protect the Capitol and its occupants from those who had unlawfully advanced onto Capitol grounds. So reports Think Advisor.
Read more...Is the New COVID-19 Relief Plan a Bailout?
- Thursday, 11 March 2021
- News Roundup
- Written by PFA News
One financial advisor thinks so, according to a recent report from WJBC. The $1.9 trillion American Rescue Plan was passed recently by Congress.
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