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According to the commission, Intervest International failed to disclose that more affordable, but otherwise identical, fund alternatives to one advisor's recommendations were available for clients.
As part of the sale of the EF Hutton trademarks, Stanley Hutton Rumbough, grandson of Edward Francis Hutton, has the option to invest in and join the board of the firm’s first four special purpose acquisition companies.
Morgan Stanley is broadening its approach to wealth management with E*Trade providing inroads to new markets, like workplaces and legions of self-directed investors.