SEC Fines Firm $1M Over Marketing Rule Violations
By Melanie WaddellWellesley Asset Management made material misstatements and omissions in marketing materials about a bond index it created.
September 22, 2023
Cetera Names New Head of Indie Advisor ChannelTom Halloran, Cetera Wealth Partners president, will replace Brett Harrison, who is leaving after over 25 years.
September 22, 2023
Vanguard to Launch 2 New Active Bond ETFsThe ETFs should provide investors with broadly diversified, single-fund fixed-income holdings, Vanguard said.
September 22, 2023
Altruist Ends Portfolio Software Fee for AdvisorsThe custodian had been charging a monthly portfolio accounting fee of $1 per brokerage account.
September 22, 2023
TD Ameritrade Sued Again Over MOVEit Data BreachThe brokerage was negligent in using the MOVEit software despite security vulnerabilities, the plaintiff argues.
September 22, 2023
SEC Hits Wisconsin BD With Reg BI FineThe firm's policies and procedures contained Reg BI language but weren't tailored to its business, the SEC said.
September 22, 2023
Goldman Sent Inaccurate Data to the SEC on 163M TradesThe bank agreed to pay a $6 million fine.
September 21, 2023
FINRA: Broker Barred After Investing $2M Without Firm's ApprovalHilltop Securities affiliate Momentum Independent Network fired the broker over the unapproved investments, FINRA said.