Practice

The popular trading app omitted information about its payment for order flow practice, the regulator says.

Like its largest rivals, the wirehouse kept grids at par after a tumultuous 2020.

The firm has about 200,000 staffers doing their jobs from home, a spokesman said.

The state’s securities regulator claims the popular app uses “gamification” to manipulate customers and fails to prevent frequent outages on its trading platform, among other misconduct.

With 350 firms on its client roster, the acquisition of Flourish gives the insurer a springboard into the independent advisor market.

The regulation permits more exemptions from fiduciary duties, but may itself be replaced by the incoming Biden administration.

It’s the second-biggest hire of the year for the wirehouse.

The firm’s four new additions came from two wirehouses.

It’s one of the largest teams to quit a wirehouse this year.

After a volatile year, advisors get a reprieve when it comes to payout changes.