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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 Financial Industry Regulatory Authority has floated a change to Finra Rule 2210, which generally bans broker-dealers from using performance projections or targeted returns in their marketing communications. So reports ThinkAdvisor.
Russell Fecteau, an attorney at Davis Wright Tremaine, told the news outlet the proposed rule change would now permit the use of projections and targets in communications to institutional investors and qualified purchasers.
Fecteau said the proposal would bring Finra rules in line with the Securities and Exchange Commission’s investment advisor marketing rule. Firms using projections and targets in marketing would need to “satisfy certain conditions,” according to Fecteau.
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