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The IBD failed to adequately disclose conflicts of interest to clients related to receiving $10.8 million from mutual funds and its clearing broker, the SEC says.
August 30
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John VanEngelenhoven, who had worked at Schwab for 14 years, custodies with rival TD Ameritrade at the new firm.
August 23
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Advisor Andy Saeger reportedly reached out to two clients via email and a LinkedIn message.
August 16
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The then 61-year-old employee says she got written warnings for infractions while younger colleagues went undisciplined.
August 14
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Allegations rose amid multiple multimillion-dollar donations while the company’s CEO sits on MIT’s board.
August 12
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An RIA owner accused the custodian of aiding his chief compliance in setting up a competing firm.
August 7
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At least two clients said they received calls from the advisor where he discussed his departure from the firm, according to the complaint.
July 31
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Because of bank sweeps, veterans and their families' accounts will default to a 26-basis point APY on cash — down from the 1%-2% returns they were getting from money market funds.
July 31
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About 350 employees at USAA may lose their jobs due to the deal.
July 25 -
Reorganization includes the departure of one of the company’s highest paid executives.
July 25
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The executive's sudden announcement raises questions about whether the company’s retail brokerage platform will compete with advisors.
July 23
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The exit wasn’t due to any “one thing,” Tim Hockey said.
July 23
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Analysts and advisors expressed surprise at the announcement.
July 22 -
Dynasty CEO Shirl Penney sees it as an option down the road.
July 18
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With 7 million accounts and more than $400 billion in assets, Karl Roessner’s firm can be selective as it expands into wealth management.
July 16
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More than one-third of the $1 billion new assets on the digital advice platform are from new clients.
July 16
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The brokerage may pay about $2 billion for the additional advisory clients, according to reports.
July 15 -
Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.
July 5
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The custodial bank says it has reimbursed the affected clients with interest.
July 3
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Keeping up with all the options isn’t always easy, but it’s important, according to the custodian's vice president of digital strategy.
June 26
