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.
Focus Financial Adds $2.2B Telemus
Telemus Capital comes on board in Michigan; meanwhile, Pensionmark Retirement adds a branch in San Diego.
New Hire Roundup: Ex-NFL Quarterback Joins Lourd Capital Management
This week in new hires, Lourd Capital Management welcomed former NFL quarterback Cade McNown as vice president, and Christine Walker went to Drexel Morgan Capital Advisers.
Will Wall Street Pull the Plug on Real Estate Surge?
Bankers have already made a killing on the residential market, but fears of their pulling out, and taking the nascent recovery with them, are overblown.
5 Strategies for Today’s Fixed-Income Market
There are several steps investors and their advisors may want to consider to counter the possible impact of rising interest rates, Nate Carlon of Burnham Gibson says.
A Battle Won Over Independent Contractor Status, but War Persists
In the continuing struggle to retain independent contractor status for IBD advisors on both the state and federal level, broker-dealers have a key ally in FSI. The Waddell & Reed lawsuit is a case in point.
Barclays, Morgan Stanley, Raymond James Grab Reps From Rivals
The movement involves advisors with more than $15.6 billion in client assets under management and $36 million in yearly fees & commissions.
SEC Names Hoecker Inspector General
The SEC announced Tuesday that it has named Carl W. Hoecker as its Inspector General. Hoecker currently serves as inspector general for the U.S. Capitol Police and will replace David Kotz, who left the SEC last year.