News

As chair of Maryland's Financial Consumer Protection Commission, Gary Gensler advocated for a client-first fiduciary standard for broker/dealers as well as 'anyone who holds themselves out as an advisor.'

As Blucora continues to face a proxy battle with activist investor Ancora, its former CEO, John Clendening, accuses the company of filing false statements.  

Madoff died in federal prison, where he was serving a 150-year term for defrauding clients of more than $19 billion in the largest Ponzi scheme in history.

J.P. Morgan claims Gabriel Gomez enticed clients with about $2.9 million in managed assets to join him at Wells Fargo, a violation of his employment agreements.

Advisor Lisa Quadrini has departed Wells Fargo for Brandywine Oak Private Wealth, where she worked when it was part of Merrill Lynch.

Schwab blamed an “issue created by a software enhancement” for erroneously transferring $1.2 million in February to the Fidelity account of Kelyn Spadoni, rather than the $82.56 she had requested.

San Francisco–based advisor Kristin Bartlow and her team bring $180 million in client assets to Journey Strategic Wealth, a new spin on the aggregator model, from Northwestern Mutual.

Ameriprise will buy the EMEA asset management business for $845 million, all in cash.