The sentencings mark the latest developments in the long-running legal case involving 1 Global, which is accused of defrauding 3,600 clients out of $320 million.
The director of investor protection at the Consumer Federation of America will focus on 'retail investor protection, including matters relating to policy, broker-dealer oversight, investment adviser oversight, and examinations,' according to the SEC.
The investment from private equity firm Onex Corp., which joins TA Associates as equal capital partners in WEG, will drive the RIA's organic growth and M&A expansion, CEO Jeff Dekko says.
As head of Diverse Segments, Clarence Nunn will lead Wells Fargo Wealth and Investment Management's efforts to expand the firm's client diversity and services.