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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Securities and Exchange Commission Chair Mary Jo White is proposing a host of reforms for…
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The Financial Industry Regulatory Authority has warned its member firms that claiming IRA are free…
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While market bulls are understandably cheering the ongoing equity rally off of 2009 lows, the…
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Smart beta funds are one of the hottest trends on Wall Street and are generating…
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A recent Government Accountability Office report maintains that 401(k) providers…
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The Department of Housing and Urban Development has changed principal…
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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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Raymond James Financial Services and an ex-Wells Fargo Advisors broker are liable to pay Wells more than $19.6 million as awarded by the Financial Industry Regulatory Authority. So reports AdvisorHub.
Wells claimed that Raymond James and Kent Jackson Rhoades, who left the firm for Raymond James in 2018, conducted a “coordinated raid” that forced its Mountain Home, Arkansas branch office to close.
The award includes $15.3 million in compensatory damages from Raymond James and Rhoades, while Rhoades was also individually on the hook for attorneys’ fees and costs.
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