North Carolina–based David W. Schamens was charged in federal court with wire fraud, securities fraud, and money laundering and could face decades in prison; the SEC also filed charges against him this week.
Richard DeYoung and Jessica Boehm are forming Highland Wealth Partners with LPL's Strategic Wealth Services. It’s the latest of several teams the independent broker/dealer has recruited away from Wells Fargo in recent...
Cambridge Investment Research’s RIA business 'breached its fiduciary duty' by failing to disclose agreements with clearing brokers to share revenue with the firm from some mutual funds and wrap fee accounts, according...
After President Joe Biden urged Congress to pass the bill during his address, the IBD advocacy organization argued it could weaken the independent contractor status of many financial advisors.
New Mexico follows Pennsylvania, Kentucky and Mississippi in finalizing rules on annuity sales based on the National Association of Insurance Commissioners’ 2020 model rule.
The Lincoln, Neb.–based RIA failed to disclose that it would benefit from revenue-sharing payments when clients invested in certain mutual fund share classes, and it will pay $4.6 million in restitution and penalties.
Arizona-based advisor Richard Hoffman urged clients to invest with the "Michael Jordan of algorithmic cryptocurrency trading" but did not disclose the alleged Ponzi scheme agreed to give him up to $1.5 million in low...
The Keystone State is the 19th to pass a rule on annuity sales based on the National Association of Insurance Commissioners’ 2020 model rule. Wisconsin, North Carolina and Nevada look to follow soon.
CI’s deal with Corient Capital Partners comes as the Canadian firm released its 2021 Q4 earnings report, boasting significant gains through eight RIA acquisitions.
