Advisor Business
Nebraska "Tea Party" Planner Fighting State Regulators, LPL
A politically active advisor says the Nebraska banking department and LPL took steps to discipline him without telling him why -- while ex-clients question his annuity sales practices.
Two Former Brokers Ordered To Pay Morgan Stanley $4.5 Million
They must also pay $200,000 for violating the Protocol for Broker Recruiting and $75,000 in legal fees, along with more than $200 per day each in interest until they repay their bonuses.
Sean Anthony Lehmann and Kurt J. Halverstadt left Morgan Stanley Smith Barney in September 2009 to form Capital Investment Management Group Inc., a California-based registered investment advisory firm.
Other advisors looking to go independent would be wise to avoid the same mistakes and see the replay of the Advisors4Advisors May 2011 webinar with Scott Matasar “Don’t Get Sued
"Too Big To Fail" Firms May Be Forced To Restructure
Systemically important financial institutions in the U.S. may have to simplify their business if they can’t provide viable plans for unwinding themselves in a crisis, according to a senior official at Federal Deposit Insurance Corp.
Supreme Court Decision Holds Back “Floodgates” Of Lawsuits Against Advisors And Other Sellers Of Mutual Funds
A key decision today by the Supreme Court means you can sell mutual funds without being held liable for statements made in the fund prospectuses. In Janus Capital Group v. First Derivative Traders, the high court ruled 5-4 that Janus is not responsible for alleged false statements made in the prospectuses of some of its investment funds.
Advisors Rank iShares As Best ETF Provider
According to a recently released survey by FA Vision, a joint effort by strategy consulting firm Kasina and Horsesmouth, financial advisors prefer BlackRock’s iShares family of ETFs to 42 other ETF providers.
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