InvestmentNews

InvestmentNews
Displaying 3990 results
Former Morgan Stanley rep who took $450,000 from clients barred by SEC
NEWS REGULATION AND LEGISLATION JUL 18, 2018
Former Morgan Stanley rep who took $450,000 from clients barred by SEC

Cornelius Peterson pled guilty to adviser and bank fraud in theft of retirement savings.

SEC charges RIA and CEO with putting $19 million of client money into risky investments
NEWS RIAS JUL 18, 2018
SEC charges RIA and CEO with putting $19 million of client money into risky investments

Temenos Advisory Inc. and CEO George L. Taylor are also charged with pocketing hefty commissions and 'grossly overbilling' clients

SEC censures BGC Financial, imposes $1.25 million penalty over records
NEWS REGULATION AND LEGISLATION JUL 17, 2018
SEC censures BGC Financial, imposes $1.25 million penalty over records

Order says firm didn't record $600,000 for broker's sports tickets as compensation.

Former Stifel broker barred for taking $205,000 from a client
NEWS INDUSTRY NEWS JUL 13, 2018
Former Stifel broker barred for taking $205,000 from a client

Mitchell Yanow wrote 33 checks without authorization to cover personal expenses.

Broker accused of churning barred by Finra
NEWS INDUSTRY NEWS JUL 13, 2018
Broker accused of churning barred by Finra

Paul Soll, formerly of Financial West, failed to provide regulator with information it requested.

LPL loses custody business of RIA managing $1.3 billion
NEWS RIAS JUL 13, 2018
LPL loses custody business of RIA managing $1.3 billion

Fragasso Financial Advisors chooses TD Ameritrade; moves B-D business to Private Client Services.

Automatic enrollment in small-business plans is working
RETIREMENT RETIREMENT PLANNING JUL 12, 2018
Automatic enrollment in small-business plans is working

Participation at 83%, versus 58% for plans with voluntary enrollment, Vanguard study finds.

Morningstar to replace funds in its managed portfolios with nine of its own
INVESTING MUTUAL FUNDS JUL 12, 2018
Morningstar to replace funds in its managed portfolios with nine of its own

New sub-advised funds, offered exclusively through financial advisers, are intended to lower costs and provide 'greater flexibility.'

Eight advisers managing $616 million join Benjamin Edwards
NEWS RIAS JUL 11, 2018
Eight advisers managing $616 million join Benjamin Edwards

Five were with Wells Fargo, others from LPL, Stifel and SunTrust

MassMutual offers active target-date funds managed by T. Rowe Price
RETIREMENT RETIREMENT PLANNING JUL 10, 2018
MassMutual offers active target-date funds managed by T. Rowe Price

Tactical asset allocation funds will be available only in MassMutual-managed plans.