Industry

The third quarter was also characterized by large direct investments, showing private equity interest is still strong.

The agency’s moral authority may be eroded by how aggressively it has fined institutions for behavior everyone else thought was legal. Pushback may follow.

Advisors Raymond Bardoul and Brian Fox will establish an Atlanta office for Totus Wealth Management, an OSJ of Cetera Advisors.

One Arizona team has launched their own firm with the support of Dynamic Wealth Advisors, while three other advisors have joined Meridian Wealth Management.

Jonathan Vincent Glenn faces 25 years in prison after pleading guilty to federal securities fraud charges.

SpirePoint Private Client has selected Goldman Sachs Advisor Services as their primary custodian, becoming the first GSAS transition on the tru platform.

Bruce F. Fitzsimmons and Jamie Rich have joined Quotient Wealth Partners, a Dynasty-backed RIA launched last month by another group of Goldman Sachs PFM defectors.

In public comment letters, Morningstar and others urge the SEC to consider revising Reg BI instead of crafting new regulations. However, investor protection advocates say the rule is needed to safeguard consumers.