Sean Allocca is a former associate editor of Financial Planning.
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Older clients have more assets, but younger investors are leading the digital charge.
July 6 -
DaRayl Davis spent client funds on a luxury mansion, theater tickets and car rentals, federal prosecutors say.
June 29 -
Former San Diego Chargers guard Kris Dielman says the independent broker dealer failed to supervise his former advisor.
June 27 -
Advisors recommended that clients sell positions in complex structured products to rack up fees, says the regulator.
June 26 -
The firm arranged to make transactions differently on the days that it was required to calculate its reserve deposits, the regulator says.
June 22 -
The wealth management platform of the future can manage client finances without having to interact with advisors, says Wealthfront CEO Andy Rachleff.
June 20 -
Some of the proceeds went to commission a song with the lyrics: “Pop champagne in L.A., New York to Florida; buy another bottle just to spray it all over ya,” says the SEC.
June 19 -
The client, who was the co-founder of the HSN, suffered from dementia and was declared legally incompetent, according to a FINRA letter of acceptance, waiver and consent.
June 19 -
The move is an early indication of how firms may react to the demise of the Labor Department regulation.
June 15 -
The regulator obtained an emergency asset freeze against the advisor.
June 14
