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The advisor persuaded the customer to liquidate his IRA and invest the money in a risky and costly options trading strategy the advisor managed, FINRA alleged.
February 20
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A FINRA arbitration panel concluded that the No. 1 IBD made false and defamatory statements in its U5 filings.
February 20
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Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.
February 20
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The brokers previously worked at Wells Fargo, which has suffered from attrition to smaller rivals over the past year.
February 20
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The CEO of the firm’s parent says it expects to trim hundreds more advisors from its ranks over coming months.
February 20
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The right strategy can put them “in the 0% tax bracket,” an expert writes.
February 20
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As investment management becomes a supporting service, software providers are facing disruption.
February 20
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“We’re going from a Civic to a Cadillac,” advisor says of the move.
February 19
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Taxation of retirement plan distributions and Social Security benefits remains unchanged under the new tax law, but retirees are likely to see an increase in after-tax income.
February 16
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First Federal Savings Bank of Champaign-Urbana moved its investment services business to LaSalle St. Securities in a bid to deepen relationships with the back-office staff supporting the business.
February 16
