SEC Busts Advisor in AUM Inflation Scheme
The advisor falsely claimed SEC registration eligibility and solicited clients using false paperwork, the regulator says.
IRA Rollover Traps Lurk Under DOL Fiduciary Rule
Advisors must proceed with caution when discussing a client’s existing retirement assets to comply with the rule or avoid its application entirely.
Kestra to Buy H. Beck, Add 600 Reps & Launch Robo
CEO Poer says seller Securian is not exiting the broker-dealer business and will keep ownership of another BD.
Advisors Focus on Markets and Downside Protection: Fidelity
The latest Fidelity Advisor Investment Pulse also finds that advisors are far less concerned about interest rates.
Lawyer Tells What Really Goes On in FINRA Arbitration
Kevin Galbraith tells ThinkAdvisor about online dating fraud, broker bonus disputes, Form U5 woes and other matters he brings before the FINRA panel.
Cappex.com Launches Free Multi-College Application Platform
Students can apply to multiple participating colleges at no cost.
Skip Schweiss: The Real Reason the Industry Is Fighting the DOL Fiduciary Rule
Most objection to the rule centers around one provision, TD Ameritrade Institutional's Skip Schweiss tells ThinkAdvisor, and that could shape any revisions by DOL.
Pump the Brakes: Why You Should Wait to Build a Billion-Dollar Firm
Today, $1 billion in AUM is the new $100 million.
SEC Ditches Plan for Third-Party Advisor Audits
Also dropped from the agency's regulatory agenda: stress tests for larger advisors and target date fund disclosure updates.
Former Morgan Stanley, Advisor Group Execs Launch New Firm, Buy 2 BDs
The new firm, Atria Wealth Solutions, will be led by Doug Ketterer, Eugene Elias and Kevin Beard.