Advisers and analysts also cautioned investors and clients not to confuse ugly, divisive political action like riots with what’s happening in the broad stock market, which has been on a record run since March and the advent of COVID-19.
Firm veteran Mandell Crawley takes new job; Elizabeth Dennis will succeed him as head of private wealth management
The sanction addressed failures to maintain proper oversight of advisers, which included a Ponzi scheme, according to the regulator
Worden Capital Management displayed lax oversight of brokers' trades, according to Finra
Julie Ann Moskin and Retire Happy received fees for selling dubious securities, according to Massachusetts Secretary of the Commonwealth William Galvin
The conflicts of interest ranged from 12b-1 fees to cash sweep accounts to alternative investments
COVID-19 slowed down but did not halt the flow of advisers fleeing wirehouse firms for the independent channel
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The shortcomings were related to supervision of some dually registered reps, according to the regulator
The deal comes on the heels of the firm's announced purchase of a retirement plan shop
