Industry

In some cases, applicants claimed they’d gained years of experience in just a few days, or that their annual incomes increased less than one day after a prior application had been denied.

The famously anti-human advice platform is being purchased by UBS for $1.4 billion.

The deal will give UBS $27 billion more in assets and over 470,000 more clients in the United States.

The move signals the escalation of the convergence of wealth, retirement and benefits at work.

Merchant provided capital to become a minority investor in Southwestern Investment Group, as well as the debt facility for the principals and their advisors to buy their shares from the hybrid RIA's parent company.

According to the commission’s complaint, Florida-based former advisor and broker German Nino made numerous unauthorized transfers, allegedly using the money to purchase gifts and to pay back a prior victim’s misappropriated funds.