Ex-Rep, Radio Host in Texas Arrested for $6M Fraud
The charges against Bobby Eugene Guess include theft and money laundering tied to a Ponzi scheme.
U.S. Bancorp Wealth Unit Taps Former-Wells Fargo Exec for Key Post
Karen Wimbish served as the head of the bank's retail retirement group and president of Wells Fargo Advisors' Latin American Group.
Wirehouses Reps Move to Baird, RBC: Recruiting Roundup
Meanwhile, two LPL-affiliated wealth firms with $2 billion in combined assets plan to merge.
Wells Fargo Outlines DOL, Tech Plans; Departures Continue
The wirehouse urged its FAs to "have conversations with clients and document" that discussion.
FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of Records
The companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
Calamos to Become Fully Private Money Manager
The company strikes a deal to sell its remaining minority stake to two executives for $8.25 a share.
Morgan Stanley to Pay SEC $7.5M Over Trading Scheme
Morgan Stanley used trades involving institutional clients’ cash to lower its borrowing costs, the SEC said.
Time for Fine Wine?
The market for many vintages improved in 2016, as more regions worldwide bring more brands to market.
Advisors to Boost Use of Managed Futures in 2017, Though Many Have Concerns: Poll
Altegris survey finds majority of reps use managed futures, but more than a third have questions about how the products help portfolios.
Wine Merchant Gets 6 Years in Prison for Ponzi Scheme
John Fox ran Premier Cru, a "phantom wine" futures business that cost investors about $45 million.