In separate cases, the Financial Industry Regulatory Authority Inc. has barred Shlomo Strugano and John Chrysadakis for failing to take part in investigations looking into their conduct.
Mr. Strugano, who worked for 12 firms from 1999 to 2015, when he resigned from First Allied in Reseda, Calif., was being investigated by that firm for having allegedly forged or falsified customer signatures and initials on account and transaction documents. He is not currently an employee of a securities firm.
Mr. Chrysadakis resigned from Northwestern Mutual Investment Services in March after denying allegations of fraudulent activity, including alleged forgery of nonvariable insurance forms and alleged submission of unauthorized nonvariable policy applications, as well as undisclosed financial liens and judgments. He is no longer employed in the securities industry.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
