FINRA Floats Rule Changes on Gifts, Noncash Comp
The proposed changes "make sense" as some of the current rules, especially on business entertainment, are "too subjective," Cipperman Compliance Services says.
Stifel’s Profits Crash in Q2 Despite Wealth Growth; Ladenburg Results Weaken
Stifel Financial is getting rid of the indie reps it bought from Sterne Agee, but holding on to the ex-Barclays reps.
Top Portfolio Products: New Bond, Macro and Real Estate Funds
The new fund sponsors are American Funds, Franklin Templeton with K2 and CAPFUNDR with Hamilton Real Estate Capital.
ABLE Accounts: What Advisors Need to Know
These tax-advantaged accounts to help finance the daily needs of disabled people may not make advisors money but should not be ignored.
How Advisors Can Get Referrals From Millionaire Clients
It's not just about accentuating the positive; it's also about eliminating the negative, a Fidelity study says.
Recruiting Roundup: Big Groups Move to Focus, Kestra & Raymond James
The shifts come as the teams end affiliations with Wells Fargo, Transamerica, LPL Financial and Cetera Investment Services.
Securities America to Pay $1.5M for Fund Overcharges
The broker-dealer "disadvantaged" 1,514 clients who were eligible to buy share classes without extra charges, FINRA says.
FINRA Accuses Rep of Fleecing Blind, Elderly Widow
Hank Mark Werner, who is accused of excessive and unsuitable trading, made more than $243,000 in commissions on the account, FINRA said.
McGinnis Steps Down as CEO of Advisor Group
Valerie Brown will lead the group of IBDs as it moves from AIG to Lightyear Capital as McGinnis focuses on leading the transition.
Top Portfolio Products: Additions and Subtractions for Direxion ETFs
Direxion announced two new ETFs plus splits for five ETFs that rallied sharply and reverse splits for four that suffered large losses.