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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The SEC has filed suit against identical twin brothers that it claims misappropriated more than $5 million from at least 60 of their investment advisory clients. So reports Think Advisor.
In a complaint filed in a New York federal court, the regulator alleges that Adam Scott Kaplan and Daniel Evan Kaplan fraudulently overcharged clients while they were investment advisor representatives with an SEC-registered investment advisor from May 2018 through their July 2021 termination.
Although the SEC complaint didn’t name the RIA, the Financial Industry Regulatory Authority’s BrokerCheck shows it was IHT Wealth Management, which didn’t respond to Think Advisor’s request for comment.
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