News

The settlement offer between the commission and Founders Financial Securities comes a day after 16 firms were ordered to pay restitution to clients for similar faults.

Private Wealth Advisors alleged that the two breached contract by using the firm's information to build a new business, according to the Pennsylvania Record.

Independent Advisor Alliance is rolling out an employee channel through a new equity-swap program.

The SEC mandated that 16 firms recoup investors after they failed to disclose issues with investments in higher-cost class share mutual funds, and penalized one additional firm further for failing to self-report.

The CEO of HighTower "simplified the playbook" at the firm—in January 2018, the firm owned 23% of the revenue, leaving 77% at risk of attrition. Now, it owns 91%.

BMO advisors put clients into proprietary mutual funds to boost their own revenue without telling clients about their own financial gain, according to SEC claims.

Where did all the commissions go? With the launch of IBKR Lite, some see a challenge to Robinhood.

The corporate RIA of Cetera’s bank channel failed to disclose solicitation agreements it had with about 350 banks, according to the SEC.