Industry

Goldman Sachs will pay $12 million to settle charges it made undisclosed contributions to a former Massachusetts state treasurer in violation of "pay-to-play" rules.

The Financial Planning Association announced the winners of its top awards, which will be presented at its annual conference in Texas. The FPA honored David M. King, with its 2012 P. Kemp Fain, Jr. Award; retirement researcher Wade D. Pfau with the inaugural Montgomery-Warschauer Award; and 10 influencers in the profession with Heart of Financial Planning Awards. Check out more information on each of the honorees.

Altegris has expanded its sales team of with the addition of Valentina Glaviano as Director of Distribution Strategy, a newly created position.

"As breakaway brokers continue to seek the benefits of the independent RIA model and a large number of RIAs near retirement, we're seeing unprecedented opportunities to create mutually beneficial relationships between advisors," said Ben Welch, Ameritrade's director of advisor business development. "RIAConnect meets the increasing demand for a more effective way to connect firms and helps support advisor growth potential."

In an effort to give smaller RIAs access to a broader array of services, Ron Carson has launched Carson Institutional Advisory. The new platform includes a succession planning strategy as an added attraction.

London-based ETFGI has added Feargal Dempsey as a partner and Legal Counsel.

TD Ameritrade announced Wednesday it will introduce access to a full range of competitively priced annuities to help independent registered investment advisors meet increasing client demand for retirement income solutions.

Palmer Square Capital Management today officially revealed the hiring of Emily Colella as a managing director, responsible for business development.

The $290 million Janus Global Research Fund is merging into the $1.9 billion Janus Worldwide Fund $1.9 billion in January

Kweku Adoboli's co-workers knew he was making fictitious trades, the former UBS AG banker told an attorney who interviewed him on the night of his arrest in September 2011.