Industry

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.

Democrat Joe Biden is expected to name his SEC chairman pick in the coming weeks.

OCIE's recent exam initiative uncovers widespread supervision shortfalls in large, geographically dispersed firms.

The addition for Venture Visionary Partners grows its staff to 28 and total AUM to $3.7 billion.

Executives provided advisors an update. The company has separately said it cut more than 200 retail branches at the end of last month.

A former chief information officer of PR firm Cision will take over as CTO following Scott Grinis’s retirement.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.