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Securities class action settlements set a record in 2016, Ron Paul was named Goldco's chief ambassador, and Mike Piazza (no, not that Mike Piazza) leaves Merrill Lynch for Raymond James.
Advisors need to stop trying to target millennials as a whole, Focus partner MW Lomax acquires Westwood Group and Merrill hires an advisor away from BTG Pactual.
Since October, when the Dept. of Labor flagged concern over conflicts of interest in advisor compensation, wirehouse recruitment deals have suffered. Are the days of 300 percent trailing-twelve-month incentive packages truly over?
SIFMA, FSI and others filed an injunction against the Dept. of Labor, arguing emergency relief is needed pending their appeal and the department’s review of the fiduciary rule.