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Wedbush has expanded its Southern California presence with a 40-year industry veteran.

ING U.S. Investment Management has appointed Bas NieuweWeme as Managing Director and Head of Institutional Distribution. NieuweWeme, will oversee the institutional business, setting strategic direction across U.S. and international sales, consultant relations, RFPs, client service and relationship management. He will report to Shaun Mathews, Executive Vice President and Head of the Client Group.

Private Advisor Group, the largest branch of LPL Financial, has hired Abby Salameh as part of the unit’s senior executive team as it expands its advisory services.

State Street Corporation named Roger M. Stein chief analytics officer for State Street Global Exchange.

Citi named two senior managers from rival institutions directors and ultra-high-net-worth private bankers.

First came the big airline mergers. Now two Dallas RIAs that focus on airline pilots have combined as well.

The new appointments are part of a larger initiative by the bank to grow market share in local markets from Maine to Florida.

Edward Jones’s James Weddle and Robert Keenan of St. Bernard Financial Services Inc. were elected to the Financial Industry Regulatory Authority’s Board of Governors at its annual meeting.

Edward Jones’s James Weddle and Robert Keenan of St. Bernard Financial Services Inc. were elected to the Financial Industry Regulatory Authority’s Board of Governors at its annual meeting.

The firm has added an 18-year industry veteran to its Greenville, Del., branch office as a vice president of wealth management.

Janus announced some high-ranking executive changes recently.

Wells Fargo has created two new directorship roles as it looks to enhance client recruiting and retention efforts.

Ascent Private Capital Management has hired four managing directors, each supported by a national advisory team of more than 30 wealth experts.

Focus Financial Partners, one of the country’s largest RIA aggregators, has recorded its fourth deal of the year.

Morgan Stanley and Co. has agreed to pay $100,000 to the New Jersey Bureau of Securities. This came after Bureau investigators found the company was in violation of state securities laws and regulations in its sale of non-traditional exchange-traded funds to investors.

Former U.S. Senate aides Michael Piwowar and Kara M. Stein won confirmation as members of the Securities and Exchange Commission. The current SEC chairman Mary Jo White was also confirmed to a full term that expires June 5, 2019.

Legg Mason announced that it has appointed Dennis M. Kass, an industry veteran, as non-executive Chairman of the Board.

Highland Capital Management had a rough ride after the 2008 crisis, logging four years of outflows from its funds. In June 2012, ING and Ivy funds alum, Brad Ross, was brought onboard as president.

While the regulatory reform effort is likely to continue on its current path if Janet Yellen, the Federal Reserve Board's vice chairman, is tapped to lead the central bank, the future is decidedly murkier if Larry Summers wins the post.

Wedbush has brought on the former president of First Washington amid questions over his supervision of a former employee.