SEC Busts Variable Annuity Scam Targeting Terminally Ill
Brokers and an advisory firm used variable annuities with death benefits to cash in on patients' demise, SEC says.
Shiller vs. Fama: Which Nobel Winner Comes Out on Top?
Research Affiliates teases out the Nobel laureates' distinctive value approaches and finds a yawning gap between them.
New Hire Roundup: FSI Names Valerie Brown, Others to Key Posts
Execs of Cetera, Raymond James, Cambridge and First Allied will take key roles at FSI. Meanwhile, a Vanguard fund manager resigns.
UBS Adds Merrill Advisor; NPC Recruits 2 Online
Reps move to National Planning Corp. from Ameriprise and LPL via The Advisor Center, an online clearinghouse.
Insurance Broker Sentenced in Tom Hanks Scam
A broker who overcharged Tom Hanks and his wife hundreds of thousands of dollars has been sentenced to federal prison.
UBS Grabs 11 Merrill Reps With $5 Billion in Assets
Meanwhile, Wells Fargo recruits a UBS team with nearly $130 million in client assets.
New Hire Roundup: OppenheimerFunds Makes 3 Senior Hires
The PCAOB announced its new chief hearing officer, and Capstone Financial Group has hired Steve Lee to spearhead advisor recruitment and coaching.
Rep Wins $4M From Wedbush in FINRA Arb
Michael Farah, now an RIA, first brought the case against Wedbush in 2005, saying it had made misrepresentations on CMOs he'd sold.
Raymond James Taps Morgan Stanley Manager for San Diego Post
The broker-dealer hires the wirehouse veteran to boost its employee advisor channel in Southern California and also releases August performance figures.
Helping the Middle Class Transform Their Finances
After going through his own personal bankruptcy, advisor Matt Sapaula now helps middle class clients get ahead in life.