The bulk of the haul came from the bankrupt crypto company Terraform Labs. But Morgan Stanley, LPL Financial, Ameriprise and other big firms also came under scrutiny.
Archives for November 2024
FINRA dealt blow by court in its power to expel brokerages
FINRA must let the SEC weigh in before it can cast out one of its members, a three-judge panel of the U.S. Court of Appeals for the District of Columbia found.
Clients want more from financial services apps, websites
Experts say firms that seek to serve technology-savvy clients would do well to provide the digital tools they desire.
Weekend Reading For Financial Planners (November 23–24)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that amidst a rare change in leadership at Charles Schwab, the outgoing and incoming CEOs hinted at relatively minor changes during remarks for advisors at its annual IMPACT conference this week, including an increased focus on […]
IHT receipts set to hit £8.5bn this year
Inheritance tax (IHT) receipts are on course to be around 40% higher than three years ago following the first seven months of official data for the current tax year.
Platforms Association tops 40 members
Newly-launched trade association The Platforms Association has expanded to 46 members just two months after launching.
Tavistock acquires £3bn AUM asset manager ABP
Wealth manager Tavistock has acquired asset manager ABP as it completes its sale of its financial advice businesses, Tavistock Partners Limited and Tavistock Partners (UK) Limited, to Saltus.
UBS to cut base pay for low-end producers — and some high-end
UBS is reducing pay substantially for sub-$750K producers and making smaller reductions for advisors on the higher end of the scale.
50,000 powers of attorney rejected last year
More than 50,000 power of attorney applications were rejected last year because of mistakes.
Don’t want a full family office? Goldman says try it à la carte
The financial services giant lets wealthy clients pick and choose things like assistance with cybersecurity, alternative investments and estate planning.