SEC Seal
SEC Charges Texas RIA in $3.7 Million Fraud
May 14, 2021
Knight Nguyen Investments raised at least $3.7 million from a number of advisory clients and retail investors for high-risk and fraudulent securities offerings, according to the SEC.
Goldman Sachs trading desk Wall Street
Goldman’s Brand Could Be Its Biggest Benefit—or Achilles’ Heel—in Attracting RIAs
May 14, 2021
Goldman Sachs has been quietly building RIA custodial services behind the scenes, with big-name hires and plenty of resources; but can it overcome its Wall Street heritage to appeal to independent advisors?
Brian Hamburger and Sharron Ash
As RIAs Grow, So Do Employment-Related Issues
May 13, 2021
Legal issues related to hiring—and firing—advisors are becoming more commonplace, says RIA counselor Brian Hamburger.
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Connecticut Advisor Pleads Guilty to Defrauding Elderly Client
May 13, 2021
Matthew Clason faces as long as 20 years in prison after stealing more than $600,000 from an unnamed investor for his personal use, including paying for his personal credit card, according to the DOJ.
courtroom judge bench
Long Island Advisor Pleads Guilty to Securities Fraud
May 13, 2021
Mark Lisser and Knightsbridge Private Partners ran boiler rooms to fraudulently sell pre-IPO shares of companies, according to federal regulators.
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Merchant-Backed Legacy One to Merge With U.S. Capital Advisors' RIA
May 13, 2021
U.S. Capital Advisors plans to merge its RIA business with Legacy One to create a $5.6 billion Texas RIA.
Inside The Deal Podcast Harris Baltch Liz Nesvold
Inside the Deal M&A Podcast Part 2: Execution
May 13, 2021
Zero in on RIA deal execution behind closed doors and learn best practices for RIAs contemplating a sale. Harris Baltch, Dynasty's Head of M&A and Capital Strategies, is joined by Liz Nesvold, Managing Director and Head of Raymond James' Asset and...
Goldman Sachs
Wall Street’s Grip on Secret Harassment Hearings Starts to Crack
May 12, 2021
Many financial services firms want to preserve arbitration, saying it’s the best way to resolve conflicts.
Schwabitrade TD Ameritrade Charles Schwab
More TD Ameritrade Execs Get the Boot at Schwab
May 12, 2021
In the latest round of layoffs in the wake of Schwab's ongoing integration of TD Ameritrade, TDAI executives Vanessa Oligino, Greg Menefee and Scott Leak are shown the door.
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