Securities America to Pay $1M Over Sales of MedCap Notes
Earlier, the IBD agreed to give some $2.8 million to some 60 investors who lost millions as the firm went into default.
Bill Would Change Social Security COLA Formula
Social Security cost-of-living adjustments should reflect seniors' costs, not those of workers, says Rep. John Garamendi, D-Calif.
Dynasty Lands $750M Wirehouse Group in Houston: Recruiting Roundup
Meanwhile, Ameriprise shares the names of its newest advisors; GW&K announces the names of recently tapped partners.
Buffett Backlash: Fund Execs Criticize Sage’s Grim View of Active Investing
Passive index funds are not necessarily the best investments for all investors at all stages of their lives, some fund professionals argue.
FINRA Bars Rep for $15M of ‘Unsuitable Trades’ in Retiree Account
The client was a longtime Colgate-Palmolive employee who lost dividends and paid $375,000 in markups and other fees.
American College Starts Black Broker Scholarship Program
The fund aims to boost the share of advisors who are African-American, which is now less than 8%.
Buffett’s 8 Nuggets of Investing Advice: Berkshire Shareholder Letter 2017
The Oracle of Omaha spells out the secrets of his success in his yearly letter to Berkshire Hathaway shareholders.
Wells Fargo Robo Pilot Set for Summer; Rollout for Late 2017
The service, to be called Intuitive Investor, aims to bring in new, younger clients to its wealth management unit.
Cetera Names New General Counsel
Brian Stern leaves HD Vest in Dallas to join Cetera Financial Group in Los Angeles.
Raymond James Adds $2.4M Wells Fargo Team
Advisor Preston Covington and others join the employee channel in Columbia, South Carolina, with about $375 million in client assets.