January 12, 2021

Walmart Partners with Robinhood Backer for Financial Services Startup
The retail giant plans to offer financial services tailored to its more than 265 million weekly shoppers and members and its 2.2 million employees.
BofA, Morgan Stanley, Others Freeze PAC Donations After U.S. Capitol Violence
JPMorgan Chase will pause donations for six months and Citigroup through March 30, while Goldman Sachs is freezing donations and analyzing how politicians have acted through the presidential election.
Finra Fines, Suspends Ex-Ameriprise Rep Over Short-Term Liquidations
Angel Wynette Bardeche allegedly caused 32 customers to pay close to half a million dollars in total sales charges during a roughly two-year period.
B. Riley to Add 700+ Reps with Purchase of the Rest of National Holdings
National Holdings’ registered representatives oversee $18.9 billion in client assets.
Video
First Step to Crypto for FAs: Understand the Regulations
The "first place that firms are getting into trouble is that they are not appropriately evaluating the regulatory posture of what they're considering," says Carlo di Florio, chief services officer at ACA Compliance.  Video [ 3:13 ]   Transcript  
CFP Board Reports “Significant Milestones” in Diversity Stats
The increase in Black and Latinx certified financial planners is nearly five times the overall growth rate of CFPs, while the number of female CFPs has reached an all-time high, the CFP Board says.
$4.8B Georgia RIA Sells Stake to Fuel Growth by Acquisitions
The firm wants to double its advisor headcount in two years, according to its president.

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