04/12/2018
The change walks back rules stemming from a wide-ranging reform to boost AFP access to alternatives that came into effect November 1 and banned investments in hedge funds, directly and through vehicles that mimic their strategies.
04/12/2018
At the time of his separation, Chang’s compensation account balances exceeded $880,000, including more than $600,000 related to vested deferred stock awards, according to the claim.
04/12/2018
The law firm is accelerating its strategy to grow in fast-growing areas including Kenya, Mauritius, the Caribbean, Indonesia and Malaysia.
04/12/2018
When the changes go into effect in July some new clients will pay less as a result but others may pay more, according to regulatory filings cited by the Journal.
04/11/2018
Existing principals and staff of the acquired entity will join Old Dominion as part of the deal.
04/11/2018
Mr. May worked at J.P. Morgan Securities and a predecessor firm for almost 10 years before resigning in December.
04/11/2018
In the broker/dealer channel, that’s a slippery slope because [LPL] could be paying sign-on money on assets that aren’t generating anything
04/11/2018
Wealth customers will pay based on amount of assets with firm
04/10/2018
PNC Investments, Geneos Wealth Management and Securities America Advisors steered investors towards more expensive mutual fund share classes, the agency said.
04/10/2018
Southeastern Asset Management Inc, in a letter sent to the SEC and also signed by 21 other buy-side firms, laid out why it supported the program.
04/10/2018
Canyon, which has more than $20 billion in assets, said in its filing that it discussed a vacant seat on the Navient board and the financial performance of the company.
04/10/2018
The firm consists of 24 team members, including 11 advisors reflective of nearly 150 years of combined wealth-management experience.
04/10/2018
PNC and Geneos were also charged with further violations including failing to disclose conflicts of interests surrounding compensation they received from third parties, the SEC says.
04/10/2018
Four US pension funds are on board as Commonwealth Bank faces another class action related to the lender's money-laundering scandal.
04/10/2018
Intellectual property investment fund to leverage Maitland’s automated technology
04/10/2018
The lawyer representing him in the case tells AdvisorHub Rizzi had several large accounts with the wirehouse, brought up specific complaints about the site’s inaccessibility and even offered to help free of charge, but was ignored.
04/09/2018
RIAs charged by SEC over excessive fees, financial illteracy persists and an Oregon advisor is accused of a Ponzi scheme.
04/05/2018
As a result, there will be no disruption to EU registered credit rating agencies’ ability to endorse credit ratings from these jurisdictions following the entry into force of the new requirements.
04/04/2018
Charges against Kynikos and Third Point were previously dropped but the case against SAC was revived last April.
04/04/2018
Merrill Lynch has dropped nine federal court cases it filed against former financial advisors to prevent them from arbitrating claims against the firm.