Advisor News
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Brokers
Stifel Broker Abused Power of Attorney to Steal From Elderly Client, Finra Alleges
Stifel Nicolaus has agreed to pay more than $450,000 to settle allegations that it failed to adequately oversee representatives who…
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Brokers
Finra: Crypto Communications at Many Brokerage Firms Could Break Rules
The results are in from Finra’s crypto sweep, and they aren’t good. More than two-thirds of the messages from brokerage…
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Brokers
Crypto, Reg BI Among Compliance Concerns From Brokerage Industry Regulator Finra
The latest compliance report card from brokerage industry self-regulator Finra has a few new tracks and several greatest hits. The…
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Brokers
Arax Buys $1B Broker-Dealer, Recruits $2B Advisor Team, Hires CIO
Arax Investment Partners is kicking off the new year with a bang. Arax, which is backed by private-equity firm RedBird…
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Brokers
Broker Dealers Cambridge, Diversify Move Further Into RIA Channel
Two independent broker-dealers are moving further into the registered investment advisor space, announcing new affiliation models and signaling the beginning…
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Brokers
Finra Looks to Tighten Rules for Broker-Client Lending, Borrowing
On the face of it, brokers borrowing money from clients whose investments they direct seems like an obvious conflict of…
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Investment
Fisher Investments Denies WSJ Report That It Is in Sale Talks With PE Firm
The Wall Street Journal reported Tuesday night that private-equity firm Advent International is in talks to acquire wealth management firm…
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