New Hire Roundup: McGinness Joins Envestnet as Managing Director
Meanwhile, Behringer announced that Robert Aisner will transition from his position as CEO and president to become chairman.
Raymond James, Securities America and NFP Unit Add Teams, Breakaways
Six reps, including two father-son teams, switched firms with a total of more than $920 million in client assets.
Fraudulent Families, Pt. 2: SEC Charges U.K. Twins in Pump-n-Dump Scheme
SEC alleges twin brothers, starting as 16-year-olds, ran an Internet pump-and-dump scheme in which they used ‘Marl’ the robot to manipulate penny stock prices while receiving money from the stocks’ ‘promoters.’
Raymond James Rolls Out High-Net-Worth Credit Line
Advisors have already made 72 of these new loans as an alternative source of liquidity in recent weeks, the company says.