Over a dozen Wells Fargo & Co. employees were fired last month for allegedly faking work activity on their computers, according to AdvisorHub. The terminations were reported in disclosures filed with the Financial Industry Regulatory Authority. The staffers...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: June 2024
AssetMark forms alliance with Morningstar Wealth, acquires $12 billion in assets
Wealth management platform provider AssetMark Financial Holdings Inc. is entering into a strategic alliance with the Morningstar Wealth Turnkey Asset Management Platform (TAMP), reports ThinkAdvisor. As part of the transaction, which was approved by the board of...
Summit adds ex-Merrill Lynch broker who managed $1.9 billion in assets
A transition was announced in the financial industry as New Jersey-based Summit Financial Holdings said it is adding a team of advisors that it recruited from Merrill Lynch, according to a report in AdvisorHub. Managing partner Richard J. McWhorter, along with client...
SEC bars Chicago investment advisor for misappropriating clients’ funds
A former stockbroker with Fifth Third Securities Inc. has been barred by the Securities and Exchange Commission after being accused of misappropriating the funds of clients, InvestmentNews reports. The enforcement action, detailed in a June 17 order, was taken against...
SEC new public service campaign highlights investor protection
A new public service campaign launched by the Securities and Exchange Commission is aimed at protecting investors and providing them with the information they need to safeguard their finances. The SEC’s Office of Investor Education and Advocacy (OIEA) unveiled the...
