August 31, 2020
Wells Fargo Agrees to Pay $550K Over Alleged Supervisory Failures
The company allegedly failed to follow up on red flags sent out by its own alert system when two of its former registered representatives overconcentrated customers in certain energy securities.
Home Office News: Merrill Adds Training Program, LPL Explores Pricing Structures, and More
A roundup of key updates from major industry distributors: Merrill Lynch, Raymond James, LPL Financial, Edward Jones and Stifel Financial.
Focus Financial Partners Acquires $2.5B Chicago-Based RIA
InterOcean Capital will be the company’s third partner firm acquisition so far this year.
Alts Investment Manager Strattner Financial Looking to Buy B-D
Strattners, as the firm is known, is looking for a Finra-registered firm that’s also registered with Nasdaq and the New York Stock Exchange.
Data Breach Lawsuits Piling Up for Morgan Stanley
The recent suit filed by Timothy Smith against the wirehouse is one of several tied to 2016 and 2019 data breaches related to decommissioned equipment.
LPL Adds YCharts Platform to Preferred Vendor Platform
LPL’s advisors will be able to access YCharts’ various portfolio management and investment research tools at discounted pricing.
Clients Want to Discuss More Than Their Money with FAs: Survey
Investors aged 30 to 45 are even more likely than older investors to want to discuss health, housing and more with their advisors.