George Tamer, managing director of the sales team at TD Ameritrade Institutional, and Dan Cronin, who led sales for Schwab Advisor Services, were among the latest to lose their jobs this week as Schwab continues to integrate its former rival.
The settled charges against 21 investment advisory firms and six broker/dealers asserted that none had filed or posted their forms until receiving numerous reminders from regulators.
The deal allows Concurrent Advisors, a super office of supervisory jurisdiction with Raymond James Financial Services, to create a custom capital solution for its underlying advisors.
The New York-based firm expects to lock in more than $500 million in commitments in the near future.
At a SIFMA forum, FINRA Chief Legal Officer Bob Colby said the agency would consider new guidance and rules after this year's market volatility.
The funding round will enable the New York-based firm to expand into alternatives like private equity and hedge funds, as well as digital assets.
