Treasury Securities Dealers Accused of Collusion in Lawsuit
Bank of America and Goldman Sachs are among 22 financial companies accused of colluding to rig Treasury securities auctions in a lawsuit filed by investors.
SEC Enforcement: Napkin-Eating Broker Settles; Ponzi Funds Used for Porn
Also, a hedge fund manager admits to providing bad data, which affected recording of 552 million shares.
New Hire Roundup: Ex-CBO Chief Elmendorf Back at Brookings
Meanwhile, Royal Alliance adds Quincy Group; MarketCounsel beefs up staff with three new lawyers.
Advisor, Race Car Driver Convicted of Bilking NHL Players
A federal jury has convicted an advisor and a part-time race car driver on charges of wire fraud, wire fraud conspiracy and money laundering conspiracy.
Wells Fargo Grabs Morgan Stanley, Merrill Reps as Raymond James Nabs UBS Team
The four new Wells Fargo advisors come on board with some $900 million in assets; the new RJ group has some $300 million.
Tax Working Groups Submit Reports to Senate Finance
The Senate Finance Committee's five bipartisan tax writing working groups submitted their reports Wednesday to the committee’s leaders on ways to reform the tax code.
Regulator Slams Securities America, Advisor Over Alzheimer’s Ad
The IBD denies charges that it failed to supervise an advisor and his "grossly deceptive" radio marketing efforts in Massachussetts.
HD Vest on Track to Add 620 Advisors in 2015
The firm is "having a great year," CEO Roger Ochs told ThinkAdvisor.
Does Gay Marriage Ruling End a Financial Planning Niche?
The workarounds that advisors in many states created to provide same-sex couples with legal benefits now must be unwound.
How Advisors Should Explore the Social Media Universe
Luddites loathe it; old-school types dismiss it. George Clooney scorns it. Nonetheless, the digital parallel world opens a new frontier of financial marketing and communication.