New Hire Roundup: Merrill Adds Teams From Barclays, UBS
In addition, Intellectus joins Dynasty and Independent Financial Partners names Ned Van Riper as recruiting director.
SEC Enforcement: AlphaBridge Capital, Deloitte & Touche Charged
SEC charged a hedge fund with a fraudulent fund valuation scheme; Deloitte & Touche hit with violating auditor independence rules.
Focus Financial Adds $1B RIA in Chicago
Also, Raymond James adds a $390 million independent-employee group in Beaufort, S.C., from Wells Fargo.
SEC: Ex-Broker Sold Clients Fake CDs With 12% Interest
Former advisor Malcolm Segal is accused of a $15.5 million Ponzi scheme involving bank CDs — some real and some nonexistent.
Merrill Adds $750M Ex-Barclays Group in Houston
The group was part of Lehman Brothers until 2008.
Dynasty Adds $3B Ex-Deutsche Team
The San Francisco-based group comes on board as an RIA serving entrepreneurs in Silicon Valley.
Lincoln Financial Securities Chief Departs
Chris Flint is being temporarily replaced as head of Lincoln Financial Securities by Tom Eusebio and Stafford Moser.
SEC to Scrutinize Retirement Advice
The SEC has launched a multiyear targeted review of investment advisors’ and BDs’ retirement planning sales practices.
LPL Names New Head of Client Services
The news follows several other executive shifts at the independent broker-dealer.
Baird Nabs $1B Ex-Wells Fargo Group
SIx advisors come on board in Wichita, Kansas, with nearly $5.5 million in yearly fees and commissions.