Anti-Fraud Provisions of the Investment Advisers Act
RIAs and IARs should view themselves as fiduciaries at all times, whether they meet the legal definition or not. Deviating from the fiduciary standard of full disclosure while courting clients may cause the advisor significant problems.
Merrill Renames, Expands Institutional Advisor Group
The rebranding and hiring could boost the group to 75 advisors by year-end, a Merrill Lynch executive says.
FINRA Fines Merrill $1 Million Over Ponzi Scheme
FINRA said Merrill Lynch failed to supervise a San Antonio advisor, who used a Merrill account to operate a Ponzi scheme.