SEC, FINRA Enforcement: Edward Jones Fined for AML Failures
Meanwhile, the SEC fined International Capital Group for selling penny stocks and making stock-based loans without registering as a BD.
Holiday Shopping Puts Hole in Americans’ Pockets
More than a third of Americans plan to shift their saving and investing strategies to accommodate for the holiday shopping season.
Edward Jones Has Hired 1,250 Veterans as Advisors
More than 10% of Edward Jones advisors have a military background.
The New Retirement Dream: Relocation
Moving where money goes further has gained popularity as a retirement strategy.
The Bizarre Recruiting Case of Alfonso Montoya
A $150 million book of business Wells Fargo promised him never materialized — and then the wirehouse took him to arbitration.
The Energy Investing Sector: Opportunities and Challenges
The energy sector is riding a shale-oil tailwind that should grow in strength, but there are some headwinds as well.
Women Less Likely Than Men to Use Mentoring Programs: Edward Jones
Women are becoming bigger players in the financial industry, but there is still a gender gap when it comes to career advancement.
BDs, Trade Groups Team Up to Clarify Murky BD Fees
FINRA, SIFMA and other groups, with LPL and other BDs, have joined forces to develop rules that ensure BDs’ fees are easily understood by investors.
Ex-LPL Broker to Pay $1.9M in Fraud Case
At least seven Georgia investors were affected by Blake Richards' schemes, the SEC says.
Schwab-Morgan Broker Battle Is ‘Tricky’: Expert
FINRA has wrapped up its ruling, but arguments over who owns client information when advisors switch firms continue.