The commission charged Kevin Kane and Sean Michael Kane for defrauding clients after they were fired from Waddell & Reed by telling them they left voluntarily.

Falcon, with more than $500 million in assets under management, has made its first acquisition as the firm considers taking on a capital partner.

Ohio-based Clearstead Advisors, a private equity-backed RIA with $28 billion in client assets, has purchased a second trust business.

The regulator’s update to its targeted sweep of firms’ dealings with social media influencers offered suggestions that may be difficult for broker/dealers to fulfill, according to one securities attorney.

Tax benefits are typically secondary factors with large gifts.

New York-based Ritholtz Wealth Management will take over the direct-to-consumer robo business from FutureAdvisor.

Su, 54, led California’s labor department before joining the Biden administration as deputy labor secretary.