The Securities and Exchange Commission ("SEC") charged California investment adviser Stuart Frost, and his investment advisory firm Frost Management Company, LLC, with fraud and breach of fiduciary duties for charging over $14 million in undisclosed and excessive incubator fees to start-up companies in which their advisory clients invested.
In June 2019, the FINRA Investor Education Foundation released, “The State of U.S. Financial Capability: The 2018 National Financial Capability Study” (or “The NFCS”), which included some key information for the average American investor. In part two of this two part series on the FINRA study, we will delve into why it is vital to use financial knowledge directly with decision-making, as well as some statistics on where the nation stands as a whole.
James Eccleston achieved the highest rating in both Legal Ability and Ethical Standards from Martindale Hubbell for 2019.
In June 2019, the FINRA Investor Education Foundation released, “The State of U.S. Financial Capability: The 2018 National Financial Capability Study” (or “The NFCS”), which included some key information for the average American investor. In part one of this two part series on the FINRA study, we will delve into the suggested tips for planning ahead for the financial future and some statistics on where the nation stands as a whole.
The advisor count at Wells Fargo is declining, continuing a downward trend in headcount that began after the fake accounts scandal hit the bank in 2016. The bank’s brokers, frustrated by the scandal, have transitioned to Wells Fargo’s rivals.
Saving for education is critical for many families. FINRA offers these eight tips to help you make smart 529 savings plan choices:
The Securities and Exchange Commission will host a roundtable on combating elder investor fraud on October 3, 2019.
With rumors of a looming recession and resulting volatility in debt prices, money managers are looking to cash in on future debt downgrades by holding “enhanced” collateralized loan obligation (“CLO”) portfolios that contain a much larger share of low-credit rated loans than the typical CLO.
TD Ameritrade's study finds that the median age of RIA firm principals is now 49, down from 52 in 2015. The number of owners who are 40 years of age or younger equals the number of firm owners who are over 60.
The United States House of Representatives recently passed the Whistleblower Protection Reform Act (“WPRA”). The WPRA is aimed to fill in gaps in the whistleblower protections provided by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), as interpreted by the U.S. Supreme Court in Digital Realty Trust Inc. v. Somers.
