Texas Securities Firm Expelled, Fined $24.6M Over Fraudulent Energy Deals
'Wildcat’ and other investments reaped Red River and its CEO some $3.6 million, but investors lost most of their money.
Valentine's Day Gifts at a Sweet Price Point: LPL
The IBD looks at trends affecting the costs of the most popular gifts for Feb. 14. Overall, prices rose slower than inflation.
Morgan Stanley to Pay $8M Over Inverse ETFs
SEC says the wirehouse failed to get signed disclosure statements from several hundred clients who bought the "typically unsuitable" products.
Raymond James Adds $5M Morgan Stanley Team
The four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
Growing RIA Grabs $160M Group in SoCal
Mercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
New Digs for Morgan Stanley?
The wirehouse is reportedly looking to move its Times Square headquarters to 50 Hudson Yards, on the west side of Manhattan.
Sen. Warren Wants to Know What Role Goldman Played in Trump Exec Orders
With Goldman stock up almost 20% in the past three months, Democratic senators say the new president is "good for Wall Street but bad for Americans."
LPL CEO Says No Way on Pure RIA
The IBD discusses strategy and the impact of recent high-profile departures during its Q4 earnings call.
Morgan Stanley Grabs $4.6M Merrill Team
The recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup
Meanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.