FINRA Enforcement: RBC Fined Over Arb Agreement
In another action, Oppenheimer & Co. was censured and fined for inaccurately reporting, or failing to report, short positions.
Recruiting Roundup: Dynasty Nabs Wirehouse Exec to Head Investments
In other news, Wells Fargo recruits an advisor from a rival firm, but loses one to boutique group.
Why aren't retirement savers choosing annuities?
Savers turn away from annuities based on behavioral factors, Center for Retirement Research says.
Fidelity Launches Global Real Estate Fund; iSectors Adds Growth ETF
The Fidelity real estate fund launch is timed to coincide with a change in the S&P 500 that makes real estate a stand-alone sector.
Enforcement: Goldman Trader Barred for Misleading Customers
In another action, Ameriprise was censured and fined by FINRA for failing to supervise its registered reps’ sales of closed-end funds.
Recruiting Roundup: Dynasty, Triad Pick Up Large Advisor Groups
Meanwhile, Merrill Lynch & U.S. Trust report their newest registered reps.
Top Portfolio Products: Nuveen Launches Alternative Investment Platform
The platform, using technology from Artivest, lets advisors allocate alternative investments across client portfolios and monitor their performance.
Why Aren’t Retirement Savers Choosing Annuities?
Despite annuities’ benefits, Americans aren't buying into them.
Enforcement: Advisor Inflated AUM, Stole From Client, SEC Says
Meanwhile, the SEC fined a company for its anti-whistleblower policy.
Recruiting Roundup: Raymond James, Cetera Add Groups
Meanwhile, two RIAs merge to form group with $13 billion in client assets.