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Not only was Henry J. Wieniewitz not registered, he made millions selling securities from Woodbridge Group and 1 Global, which the SEC claims are fraudulent.
Testing for cybersecurity also increased this year, with advertising and privacy also considered important compliance topics, according to the survey from the Investment Adviser Association and ACA Compliance Group.
Genstar, which owns a majority stake in the RIA, hired Goldman Sachs to advise on the sale, the same team that advised Kestra on its sale to Warburg Pincus.