Despite Reg BI's implementation, many broker/dealers continue to operate as they did under the suitability standard, according to a new NASAA report. But the group is advocating additional guidance in lieu of...
According to charges filed by the Justice Department and the SEC, New Jersey–based b/d and investment advisor Kenneth Welsh used clients’ funds to buy gold coins and precious metals.
The order concerning Lexion Capital Management comes one week after the commission claimed a Syracuse-based firm failed to file and deliver its form to the SEC and clients.
According to a senior Merrill executive, advisors will now get a 100% payout for retaining accounts from others who’ve departed the company or retired.
