Firms failed to disclose some brokers' bankruptcies and other issues to regulators.
Sources say Stanley Gregor, who helped build Cantor Fitzgerald Wealth Partners, is leaving almost two years after the unit's launch.
A team of elite advisers who was <a href="http://www.investmentnews.com/article/20140919/FREE/140919904" target="_blank">fired last month</a> by Bank of America Merrill Lynch over private securities transactions has found a new home. <i>(Plus: The team <a href="http://www.investmentnews.com/article/20141007/FREE/141009940/terminated-2-5-billion-merrill-lynch-team-plans-to-fight-back" target="_blank">plans to fight back</a>.)</i>
<b>Game Changers: Dealing with Dementia</b> Cognitive decline doesn't just rob the elderly of their mental capacity. Advisers and their firms often are left adrift, forced to make crucial decisions affecting the financial affairs of elderly clients.
American Realty Capital Properties Inc.'s former chief accounting officer alleges the ex-chairman ordered numbers to be changed.
Firm sets aside more than $12 million in light of enforcement actions from the SEC, Finra and Treasury Department.
Wells Fargo Advisors capped off 2014 with relatively strong numbers, as fourth-quarter earnings at its wealth division were up 5% year over year, despite costly investments in technology and higher broker commissions.
Firm now focused on hiring advisers from larger companies, even wirehouses, as it shifts away from acquisitions.
California-based Valley Wealth is firm's third – and largest – acquisition this year.
Former broker Michael Hadden says wirehouse mislabeled customers' risk tolerance when selling potentially unsuitable products
