Dusty Sternadel pleaded guilty to wire fraud in January in connection with a scheme that stole from at least 10 clients, most of whom were elderly, according to the DOJ.
Non-transparent, actively managed ETFs have garnered some inflows since their inception, but they trail far behind transparent vehicles.
Advisor Ryan Rayburn decided to look for a new broker/dealer when Osaic announced its acquisition of Lincoln.
The brokerage regulator argued the firm’s automated process for approving options traders on its self-directed platform missed instances where clients submitted applications with conflicting information.
And accelerating record keeper and advisor consolidation.
The money is flowing to the managers offering lower fees.
Rumors swirled for months that the TAMP and technology provider was up for sale.
