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Q:My independent firm told me that I am responsible for reporting I get from my clients to the firm's compliance officer. Not surprisingly, since Labor Day, I've had more clients complaining (sometimes with notes or in emails, about the markets...
Deal making in the wealth-management space has been rampant lately, and some holding companies and individual RIAs are beginning to see opportunities in Europe. Focus Financial Partners, a two-year-old holding company with 15 RIA partners and over...
Something is wrong with this picture. Consider the following: When talking about the state of the financial advisory industry with many veteran advisors today, you often hear one of following three things: I don't want my kids getting into the...
RBC Dain Rauscher continued its recent streak of acquisitions in February, announcing plans to acquire Ferris, Baker, Watts (FWB), a full-service broker/dealer in Washington D.C. The acquisition strategy is part of an effort by Canadian parent...
Sometimes the weight of world comes crashing down around your shoulders. I suspect that's how registered representative Jason N. Slezak, his assistant branch office manager (X), and his compliance manager (Y) felt when the New York Stock Exchange...
Strippers, Guns N' Money: The SEC filed a civil action recently against five unregistered Florida brokers who were operating a pump-and-dump scheme out of the offices of SCL Ventures. The complaint alleges that from January 2004 to May 2004, the...