Enforcement: Deutsche Bank to Pay $2.4B Over LIBOR Manipulation
Meanwhile, RBC will pay $1.4 million to FINRA for failing to follow its own guidelines, resulting in unsuitable sales.
Breakaway Broker Blasts Schwab Over Nightmare Breakup
Richard Rosso on how he went from being one of Schwab’s top financial consultants to losing a kidney from the stress of an arbitration battle.
Raymond James Kicks Off National Indie Event
The Las Vegas-based conference is drawing nearly 1,900 independent reps and over 70 prospects.
SEC, FINRA Enforcement: Boiler Room Scheme Targeting Older Investors Busted
The SEC also barred an accounting officer who cost his company hundreds of millions of dollars in unauthorized trading and loans.
Chairman-Elect Joe Votava Resigns From CFP Board of Directors
Current Chairman Richard Rojeck to assume duties; new chairman to be elected in June to replace Votava.
10 Best & Worst States for High-Income Taxpayers
Income, property and sales taxes can really add up in some states, according to the Institute on Taxation & Economic Policy and WalletHub.
Renting Your Home on Airbnb? Don't Forget Lodging Tax
“When you’re short-term renting a property anywhere in the U.S., you’re essentially operating as a hotel,” Rob Stephens of HotSpot Tax warns.
Not Even Hedge Fund Managers Think About Alpha at the Altar
When hedge fund managers get married or divorced, their fund alpha drops more than 7% for several months around the event, researchers found.
New Hire Roundup: Blundell Joins Northern Trust’s International Wealth Advisory Group
Meanwhile, Rick Golod is now chief global strategist at Behringer, and Marie Swift has joined the Wealthminder advisory board.
HighTower Adds $750M Team From Morgan Stanley
Meanwhile, Focus Financial brings in a $600 million group, and Merrill Lynch grabs a $160 million advisor.