Toby is a veteran journalist with more than a dozen years of experience in the field who joined Financial Planning in 2017 after prior tenures with the New York Daily News, Commercial Observer and City Limits. He earned an undergraduate degree in the humanities from the University of Texas at Austin and a master's degree in journalism from the Craig Newmark Graduate School of Journalism at the City University of New York. He has won a dozen business journalism awards during his time with Financial Planning, including those received for the 2020 podcast series "
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A new potential fiduciary rule and a court decision involving independent contractors have the industry and consumer advocates watching carefully.
March 30 -
Alpine Securities will seek to overturn a FINRA finding that it saddled clients with “unreasonable” fees and converted accounts without authorization.
March 30 -
The unregistered financial advisor’s crimes became only the latest example of how securities cases can spill over into substance abuse and violence.
March 29 -
A widow alleged that an imprisoned ex-financial advisor’s enterprise pursued “a malicious campaign” against her after she fell victim to his scheme.
March 28 -
The FINRA order includes allegations relating to the LJM Preservation & Growth Fund, another product sold in large numbers by the industry.
March 24 -
Teams are taking longer to switch brokerages as the pandemic recedes and advisors return to the office, according to John Pierce, the firm’s head recruiter.
March 24 -
A FINRA arbitration panel awarded former clients of First Allied Securities the full damages they requested in the case.
March 23 -
Harry Sherdil took his practice independent last year with an ambitious goal stemming from his powerful personal story.
March 23 -
Barred ex-broker Louis Cook allegedly targeted older adults whose assets he promised to protect for long-term care.
March 23 -
Bidding them goodbye can be tough emotionally and for your business. But here's why experts say some customers have to go.
March 22 -
Senior brokers delegated to make compensation decisions systematically favor white men, according to a new lawsuit.
March 21 -
David W. Schamens defrauded clients for $6.8 million in a Ponzi scheme despite being banned by the SEC decades earlier, according to investigators.
March 17 -
Fusion Analytics Securities sold $1.8 million in bonds and collected 8% commissions while making material misrepresentations, the regulator says.
March 17 -
Two major hybrid RIAs using LPL as their brokerage are joining forces after the acquiring firm received an investment from Merchant.
March 16 -
The veteran journalist explains how he has adjusted quickly to a new beat and his plans for the series in future months.
March 16 -
The financial literacy, savings and investing app for kids has received investments from several NBA stars and giants such as Fiserv and U.S. Bank.
March 15 -
The brokerage sustained a net loss of hundreds of brokers last year after a pause in hiring during the coronavirus, according to its annual report.
March 14 -
Worden Capital’s barred CEO allegedly had an “oral agreement” with a private placement issuer that he didn’t disclose to the firm’s brokers or its clients.
March 11 -
The regulator didn’t provide any explanation for the much larger payout, but it did release another similar settlement the following day.
March 11 -
Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”
March 10
