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ÍøÆØ³Ô¹Ï Blog

ÍøÆØ³Ô¹Ïlls Fargo Under SEC Scrutiny for Cash Sweep Programs

November 28th, 2023 at 9:47 AM
The Securities and Exchange Commission (SEC) is investigating ÍøÆØ³Ô¹Ïlls Fargo & Company over cash sweep options provided to investment advisory clients.
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FINRA Alleges $2 Million in Client Losses and $2 Million in Commissions Due to Advisor's Churning

November 22nd, 2023 at 12:08 PM
According to a Financial Industry Regulatory Authority (FINRA) complaint, Stewart "Paxton" Ginn excessively traded accounts over two and a half years, resulting in $2.22 million in losses and $2.24 million in commissions for him and his firm.
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SEC Charges Former Advisor with $2 Million Fraudulent Scheme

November 21st, 2023 at 1:56 PM
The Securities and Exchange Commission (SEC) has announced the filing of charges against an investment adviser based in Santa Maria, California.
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The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

November 20th, 2023 at 11:40 AM
Millions of Americans are experiencing disruption in their retirement planning due to rising interest rates and inflation.
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SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

November 17th, 2023 at 2:15 PM
The Securities and Exchange Commission (SEC) has filed charges against John Hughes, who served as the president and chief compliance officer of registered investment adviser Prophecy Asset Management LP.
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New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

November 16th, 2023 at 11:52 AM
The Department of Labor (DOL) unveiled its latest retirement security rule, which involves altering the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).
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SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

November 15th, 2023 at 1:16 PM
As the ranks of hybrid advisor-brokers, registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), continue to grow, regulators are intensifying their scrutiny.
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Willis Towers Watson PLC Files Lawsuit Against Alliant, Alleging Employee Poaching

November 14th, 2023 at 2:45 PM
Willis Towers Watson PLC has filed a lawsuit against Alliant Insurance Services Inc. in a federal district court in Richmond, Virginia.
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BREIT's September Performance Records Negative Total Return

November 13th, 2023 at 10:26 AM
Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).
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High Net Worth Investors Surge in Pre-IPO Securities Market

November 10th, 2023 at 10:55 AM
High Net Worth Investors (HNWIs) have recently emerged as the dominant buyers in this market segment.
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