New Jersey–based advisors Leslie Shenkler and Daryl Lipkin will join the independent broker/dealer’s Strategic Wealth Services to form the new independent practice Alcove Private Wealth.
A panel asserted that Alpine Securities had misused customer funds and securities, made unauthorized trades and charged customers unreasonable fees, while the firm argued it needed to raise fees to offset lower profits.
The commission argued Pennsylvania-based Ambassador Advisors breached its fiduciary duty by investing client funds in mutual fund share classes with 12b-1 fees when more affordable options were available.
Amy Wasser’s move to Raymond James is the latest addition of several in recent weeks that have collectively totaled more than $1 billion in managed assets.
Michael Markey, the head of Legacy Financial Network, has submitted signatures to compete for the Republican nomination to unseat Democratic Gov. Gretchen Whitmer, according to 'The Detroit News.' Additionally, a...
The Massachusetts secretary of the commonwealth is asking TD Ameritrade, Merrill Lynch, LPL Financial, Ameriprise, Securities America and SoFi if they will raise rates in response to the Federal Reserve’s hike.
In a letter to the Labor Department, groups ranging from the Consumer Federation of America to the AFL-CIO urged the DOL to strengthen the fiduciary protections for retirement investors that went into effect in...
Total fines would have fallen significantly over 2020 if not for the $57 million penalty against the trading app Robinhood, according to law firm Eversheds Sutherland.
The Justice Department accused Raymond Erker of defrauding some 50 investors, including a former judge who wore a wire to help the police investigation, according to news reports.
