Pershing Hit With $3 Million Fine for 'Supervisory Failures'
Pershing's failures "exposed customer funds and securities to risk," according to FINRA.
More in Clearinghouses/ Custodians
A trio of top custodial executives discussing big trends for the RIA sector downplayed the term -- at least as a marketing advantage -- during a panel this week at the MarketCounsel summit in Las Vegas. more »
The custodian giant announced Monday a redesign of its online Education Center that allows advisors to earn continuing-education credits while also boosting their own knowledge. more »
A new RIA in North Carolina formed by three recently departed wirehouse advisors has chosen to affiliate with Raymond James' custodian group. more »
In particular, the commission is looking for cases when advisors trade on behalf of clients without written disclosure and consent, or fail to process a trade on the most favorable terms for their clients, says an enforcement division co-chief. more »
The January Issue is now online!


TWITTER
FACEBOOK
LINKEDIN

Industry Events

February 11, 2015 |

March 4, 2015 |

April 26, 2015 |

Already a subscriber? Log in here