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Topic

Former broker fined $10,000 and suspended six months over expense account

Now-RIA Joshua Crossman admitted he fibbed to use up Merrill Lynch expense allowance.

Topic
  • May 3, 2018

SEC bars former assistant over alleged misappropriation of funds

Adviser Lauramarie Colangelo said to have impersonated a client to help associate gain account access.

Topic

Fidelity sues former broker’s RIA firm for misuse of trade secrets

Brokerage giant seeks damages from Grapevine, Tex., firm owned by Paul Michel.

Topic
  • May 2, 2018

Merrill Lynch adds five ESG portfolios to platform

The ETF-based, firm-managed choices offer a range of risk profiles.

Topic

AXA loses $150 million team to Ameriprise

Charles Gemmer and team in Indianapolis join franchise channel.

Topic
  • May 1, 2018

Wells Fargo loses $157 million rep to Janney

Matthew Loitz joins firm's Glastonbury, Conn., office.

Topic

Top-performing junk bond fund moves out of junk

Absalon Global High Yield, which beat 97% of its peers last year, is no longer buying triple-C credits.

Topic

UBS to pay ex-broker $381,000 in spat over loan

Wilson Dennis Colberg-Trigo awarded $1.2 million, but owes $854,000.

Topic

Blackstone lures retail clients

Individual investors provided 19% of the money the private equity firm raised in Q1.

Topic

An arbitration with a twist: Both sides lose

Former rep does better than Ameriprise, but each must pay damages.