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FINRA, the SEC and the Commodity Futures Trading Commission fined Interactive Brokers for failing to properly support its own anti-money laundering program.
Lantern Investments Chief Compliance Officer Wendy Lanton will help represent small firms on the regulatory agency's board of governors, while Securities America's Jim Nagengast will continue to represent larger firms.
Transferring clients' assets from mutual fund and annuity platforms to a broker/dealer's is highly disruptive, involving burdensome new account documents, lengthy processing delays and, frequently, significant incremental costs.
Bialke Financial Partners has joined Financial Resources Group Investment Services, one of LPL’s large offices of supervisory jurisdiction, and the team will operate as the investment arm of American Bank of the North.