Compliance consulting and mutual fund distribution company Foreside, which itself has grown significantly through acquisition over the past two and a half years, has been acquired by private equity firm Genstar Capital.
Kimmell, who left RBC after more than 27 years, has been tasked with further digitizing the onboarding experience and recruiting advisors outside the independent channel.
The regulator claims Securities America staff received at least 55 automated alerts concerning one advisor’s suspicious activity, yet failed to escalate them.
