The Massachusetts-based advisor recommended his clients invest with Aequitas, but failed to disclose a loan he took out from the Lake Oswego, Ore.–based alternative investments firm that made a bad bet on student loans, according to an SEC claim.
Warren Buffett said Monday he plans to donate $3.6 billion of Berkshire Hathaway Inc. stock to five charities while Walmart Inc. heir Jim Walton gave away $1.2 billion of the retailer’s shares last week.
Jim Crowley, who takes over as chief executive of Pershing after 37 years with the firm, discusses his top priorities, the convergence of industry models and the firm’s stance on Regulation Best Interest.