Helen Grace Caldwell faces 20 years in prison after being charged with wire fraud in a scheme that allegedly stole $1.5 million from clients, according to the Justice Department.

Commonwealth and others are restricting advisors from using the new Bitcoin ETFs, while Cambridge and LPL require advisors get trained before they can invest for clients. Cetera expects to allow the ETFs by the end of the first quarter.

Able to create personalized portfolios in minutes, the SaaS platform has attracted funding in a venture capital round led by ETFS Capital.

Amidst the sea of hype over how spot Bitcoin ETF rollouts will unlock a fresh wave of advised money, it is a challenge to find advisors showing them love.

Mariner asked a federal court to pause Edelman Financial Engines' trade-secret lawsuit during an ongoing arbitration process. Edelman says that would only let Mariner continue raiding its advisors and clients "with impunity."

The independent broker advocacy group previously sued the DOL for withdrawing a Trump-era version of the rule in 2021 and is looking to revive that lawsuit.

J.P. Morgan Securities agreed to pay $18 million to settle charges that it gave certain clients the choice of accepting credits or settlements while agreeing not to approach regulators.

Jim Nagengast’s departure from Osaic is part of a larger trend happening in the IBD world, where the leaders of the individual businesses step down in the wake of a consolidation.

A spokesperson said Bank of America was wrapping up its evaluation of the new offerings that were approved earlier this week by the SEC. The news comes the same day the bank unveiled its fourth quarter of 2023 earnings report.