SEC Bars Ex-Edward Jones Rep Who Defrauded Clients Out of $800K
By Jeff BermanRonald T. Molo, accused of using client money to pay for two cars, has been sentenced to two years in prison.
November 09, 2023
Morgan Stanley Wealth Management Draws Fed ScrutinyThe regulatory focus is on measures to prevent potential money laundering by non-U.S. wealthy clients.
November 09, 2023
Insurers Begin to Post 2024 Policy Dividend FiguresMassMutual, Northwestern Mutual and Thrivent say payouts will be higher.
November 09, 2023
JPMorgan Is Working With Regulators on Generative AI ProjectsThe bank has applied to trademark IndexGPT, a pilot program that aims to offer investment advice to customers.
November 09, 2023
Wirehouse Comp Plans for 2024: What's In, What's OutExperts weigh in on payout changes at Merrill, Morgan Stanley and UBS and what they mean for financial advisors.
November 08, 2023
Baird to Pay $519K Over Excessive Mutual Fund Sales ChargesCustomers didn't receive sales charge waivers and fee rebates to which they were entitled.
November 08, 2023
Nebraska Fines Bright Health $1MOfficials said that the failed insurer "was uncooperative and dismissive of regulators' questions" during an exam.
November 08, 2023
Hightower Acquires $2.5B RIAThe wealth management firm adds Resource Consulting Group, a fee-only concern based in Orlando, Florida.