The Latest

Here's the news you might have missed over the last week in wealth management.

President Biden's executive order on cryptocurrency assets and a central bank digital currency marks the beginning of the administration's efforts to integrate crypto technology into the financial regulatory apparatus. That process has important implications for banks in the near term and down the road.

Greg Girasole and Alex Kriete, who the bank brought in last year to oversee a new digital-assets group within its wealth management division, are striking out on their own.

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.

The regulator didn’t provide any explanation for the much larger payout, but it did release another similar settlement the following day.

Federal authorities say Raymond A. Erker ran a Ponzi scheme that defrauded 54 people, but he maintained he did nothing wrong while on the stand.

Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”

After Schwab acquired Motif in May 2020, a slew of companies quickly bought their way into the strategy.

The attacks are expected to mirror geopolitical tensions.

Inroads CEO Forest Harper and other organizers of new internship and training programs insist a long-term shift is now possible.