FINRA claims that James Alan Schumaker allowed his father to continue working with clients, even after he was barred from the industry.

Hightower’s recapitalization brings board changes, including the departure of founder Elliot Weissbluth.

Amanda Thiem claims that former Pimco Chairman Brent Harris made a sexual advance on her in his home and demoted her after she refused. She claims she was then “targeted and ostracized” by co-workers.

Texas-based advisors got pummeled by low winter temperatures, ice, snow and rolling blackouts.

New enforcement head Tom Sporkin and his team now oversee the detection, investigation and prosecution of alleged violations, while another team will handle the adjudication, a move that mirrors the workflow at the SEC and FINRA.

CEO Rudy Adolf said the firm has $1 billion in firepower as it looks to expand its global footprint through Connectus, its new in-house shared services model.

Connectus, Focus' shared services RIA, will provide several business development functions, including marketing, digital onboarding, family office and back-office services.

PWA and HighPoint merge to catch wirehouse breakaways.

The Biden administration announced last week the fiduciary exemption would take effect as scheduled, but legal experts argue the rule has some serious teeth that will impact client relationships with advisors and broker/dealers.

The financial industry has a clear call to action to raise the bar on diversity and inclusion.