Roberts' BrokerCheck record reflects 20 customer complaints since October 2022. Two pertain to the matters resolved through arbitration in the past six weeks; two were denied; one was withdrawn; and ...

Sean Michael Kane allegedly impersonated clients to effect transactions in their Waddell & Reed accounts after the firm fired him. The Securities and Exchange Commission has barred a ...

Goldman Sachs is positioning itself to become a one-stop shop for ultra-wealthy clients by rolling out what it calls a "personal chief financial officer" service, The Wall Street Journal reports. The ...

The team's supervisor, Samuel Alt, a white man, told Pulido that Hallman "did not want to work alongside any 'Hispanics'" but otherwise "casually dismissed" Pulido's concerns regarding Hallman, ...

This story originally ran on Financial Advisor IQ sister publication Ignites. When brokers or financial advisors offer mutual funds and exchange-traded funds that are clones of one another, a recent ...

Morgan Stanley has suffered a legal setback fighting a multimillion-dollar deferred-compensation lawsuit brought by hundreds of its former financial advisors, according to news reports.

Osaic Services, known as SagePoint Financial from January 2009 to November 2023, allowed registered representatives without sufficient knowledge or experience with options trading to override trading ...

Wells Fargo’s bank-based advisors are capturing new assets through the firm’s Premier offering for affluent customers, Chief Financial Officer Mike Santomassimo said last week.

Voters in Illinois have approved a non-binding measure to tack on an additional 3% tax for those earning more than $1 million, according to news reports. The measure, which called for using the ...

At the 2023 annual Financial Industry Regulatory Authority conference, Grewal noted the sweep on firms including Merrill Lynch, Morgan Stanley and UBS that up to that point had resulted in total fines ...

When the DOL unveiled the revamped rule roughly a year ago, President Joe Biden took an active part in its rollout, and the agency framed it as part of the administration's broader war on hidden fees.

Another challenge to the SEC's rulemaking powers is the Supreme Court's decision in June in Loper Bright Enterprises v. Raimondo, which overturned 40 years of precedent that mandated courts to defer ...