Bank Advisor

Mixing business and friendship can lead to stronger relationships, but only if you proceed with care.

At least 14 executives have accepted posts this year leading wealth management and related investment services groups at several financial institutions, including HSBC, PNC Bank and Wilmington Trust. Find out who they are and what their new roles entail.

When a prospective client asks, "So, what do you do?" you have 30 seconds to make a great impression. Here's how to respond.

The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.

The advisor convinced the couple to transfer their retirement savings, but they claim the money never made it to their accounts. Their attorneys say there are other victims.

The firm incorrectly coded her payout at the institutional rate, a mistake that impeded her ability to move up the pay grid and attain bonuses, she alleges.

The advisor fooled her victims into thinking she would invest their funds when in fact she used the money to buy luxury items and real estate, prosecutors claim.

The advisor, a former employee, has been soliciting more than two dozen clients at the bank, JPMorgan says.

In addition to winning a $25,000 award, ex-J.P. Morgan rep Mihail Naumovski was able to expunge erroneous information on his Form U5 that he violated investment-related regulations.

The firm falsely claimed on his Form U5 that he deliberately changed a customer’s address from California to New Hampshire to facilitate the sale of an annuity, the broker alleged.

Barry Snyder’s complaint depicts him as a victim of federal investigators and the bank, with both sides threatening to turn on him.

The research firm’s annual survey included new queries reflecting changes in the industry.

Fearing the broker would leave, Citi distorted incidents he had with two colleagues in order to fire him and take his $200 million book of business, the broker’s lawyer says.

The rep borrowed $528,000 from a SunTrust client without the bank’s prior written approval, FINRA alleged.

The advisor lured the client into investing $100,000 in what he claimed was a private placement bond but instead deposited the money into his personal bank account, say federal prosecutors.

The advisor fleeced the duo of nearly $1 million by misappropriating their stock holdings and initiating unauthorized wire transfers from their bank account, prosecutors allege.

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.

Robert Moore divided the firm's six IBDs into two channels, promoted a new COO and hired from a rival.

L&N Federal Credit Union was looking for a boutique-style firm following Invest's acquisition by LPL.

Texas securities watchdog derided the advisor for not considering the costs associated with an equity trading strategy he employed for certain clients.