Stifel is working to revitalize its sleepy independent broker/dealer, Century Securities, starting with a rebrand and a new chief, former Wells Fargo exec Alex David.
The SEC claimed Douglas Elstun put clients' long-term money in high-risk leveraged and inverse ETFs, funds meant for short-term trading. He was trying to 'please too many people,' his lawyer said.
MAI, backed by Wealth Partners Capital Group, continues its acquisition spree with Cleveland, Ohio, firm Ownership Advisors.
Kingswood U.S. CEO Derek Bruton is leaving the firm in June.
Eddie Welch, who will take over the company's WM business, was the co-founder and CEO of Alabama-based RIA Welch Hornsby, which was added to Captrust last October.
The new 'hybrid firm' is the latest in the growing trend toward states opening up law firm ownership to nonlawyers.
Mary Trump sued in September claiming her aunt and two uncles conspired for decades to skim tens of millions of dollars off her inheritance after her father and then her grandfather died.
The judge overseeing the sentencing of Anthony Diaz said he showed little remorse during his Jan. 2020 jury trial.
