Both Crestone Asset Management and IPG Investment Advisors cited the economic impact of COVID-19's spread, and disclosed the loans in newly updated Forms ADV submitted to the SEC.
Ohio-based Wealthquest said it hoped to use the loan to retain its staff and fund payroll costs and health and insurance benefits for employees, according to an updated Form ADV submitted to the SEC.
Initially, most enforcement actions will pertain to infractions the agency would have pursued under the suitability standards regardless, according to FINRA's head of enforcement.
With some exceptions, Reg BI scrutiny will be included in broader firm examinations rather than a sole focus of inquiry, according to one FINRA representative.
The company failed to stop potential conflicts of interests involving credit rating analysts' engagement with marketing efforts in 2015 and 2016, according to a commission order.
Joseph Di Biasi and Gregory McElheny are joining from MML Investors Securities, and will take over Life Certain Wealth Strategies to enable its founder, Herb White, to retire.
For many advisors, the pandemic will highlight the mismatch between the services they provide and their AUM-based compensation model, according to Aite Group.
Investacorp, Securities Service Network and KMS Financial Services will be absorbed into Securities America before the end of the year, according to CEO Jamie Price.
Developed with TD Ameritrade Institutional, the program will assist students and others who lost the opportunity for on-site education and training because of the COVID-19 virus.