One-time heir apparent to Mark Casady to lead asset manager Legal & General Investment Management America, an institutional money manager.
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Gerald Cocuzzo faces up to 20 years in connection with the $131 million market manipulation scheme of ForceField Energy Inc.
Two industry leaders — Pershing Advisor Solutions CEO Mark Tibergien and Echelon Partners CEO Dan Seivert — disagree on what impact the regulation will have on the financial advice market.
In the first legal challenge to be decided, judge upholds Department of Labor regulation. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener noreferrer">The DOL rule, from all angles.</a>)</i></b>
CEO says decision preserves choice while recognizing new fiduciary requirements. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
With bankruptcy case concluded, investors stand to recover $400 million.
Twenty-four teams left in third quarter on top of 26 in second quarter. <b><i>(More: <a href="http://data.investmentnews.com/aotm" target="_blank">See all the latest moves in InvestmentNews' Advisers on the Move database</a>)</i></b>
