SEC Busts 4 Insurance Agents in Scam Against Seniors
SEC charges four insurance agents for unlawfully selling securities in what turned out to be a multimillion-dollar fraud targeting retirees.
Bill Gross Says Adios to PIMCO, Joins Janus
Gross will start Sept. 29 at the new Janus office in Newport Beach, Calif., and will begin managing the Janus Global Unconstrained Bond Fund on Oct. 6.
SEC Exam Chief Sends Warning on Wrap Accounts
The trades and extra client fees often aren't disclosed properly to clients, OCIE's Andrew Bowden said at CFA conference.
3 Ways to Address Advisor Shortage
It’s not that Gen Yers don’t care; they just don’t know about the career opportunities the financial services industry can provide.
SEC Enforcement: Flurry of Charges Over Phony Health Food Company
Meanwhile, Silicon Valley-based Saba Software and two of its former executives were charged with a fraudulent accounting scheme.
Why do RIAs Choose Their Profession?
The ability to grow and the potential for a healthy work-life balance draw many to the RIA industry, Schwab Advisor Services found.
Bruton's Lucia Capital Seals First Deal, Adds $170M in Assets
The group, led by ex-LPL exec Derek Bruton, acquires client assets and two professionals; plans more purchases.
New Hire Roundup: Barclays Taps Bhargava to Head Wealth, Investment Management
In another personnel move, Michael McKeigue has joined Montage Investments as managing director of the national accounts team.
IRS Warns of FATCA Phishing Scams
Scam artists posing as the IRS have fraudulently solicited account holder identity and financial account information.
State-Registered Advisors Prep for New Succession Planning Rules
State-registered advisors should act now to prepare for NASAA's upcoming rules requiring business continuity and succession plans, state regulators say.