KeyBank has announced that Winchester resident David Ott joined the bank as senior commercial banker with its Middle Market Banking team. Ott is responsible for generating new and deepening existing client relationships throughout the Greater Boston area. Ott joined Key in June from Wells Fargo Bank, where he served four years as a director, Life Science Corporate Banking.
Five months into Reg BI's reign, initial regulatory exams reveal wealth managers are making a bona fide effort to meet new requirements - but the industry is hardly up to snuff, according to regulatory officials. Some firms have failed to disclose how they make compensation. Others inaccurately reported their disciplinary history.
Financial literacy is a strong indicator of positive financial outcomes for the future, but differing levels of financial literacy among Americans may contribute to widening inequality among different segments of the population, according to a new study by the FINRA Investor Education Foundation (FINRA Foundation), the University of Southern California's Center for Economic and Social Research (CESR) and The George Washington University's Global Financial Literacy Excellence Center (GFLEC).
A new rule requires firms' approval for brokers serving in positions of trust, such as beneficiary or executor, for clients.
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An arbitration panel has denied J.P. Morgan Securities LLC's request to collect more than $1.5 million in damages and fees from three former Carmel employees who left the firm to join Raymond James & Associates in 2018. J.P. Morgan had claimed that former private client advisers Nathan D. Shields and Mark V.
Potential for higher federal income taxes is anticipated by experts due to 1) a growing national debt increased by trillion-dollar stimulus spending and 2) possible election results that mean a change in administrations and congressional profile. Increasing taxes levied on high-income earners is nothing new, and reasonably anticipated.
COLUMBIA, S.C. (WIS) - It's open enrollment time for millions of Americans. In this week's Money Matters segment, Josh Bradley, of Capital City Financial Partners, explains why long term care health plans are important to consider, especially in retirement. "In 2019, 47.8 million Americans over the age of 65 used long term care," Bradley said.
Financial advisors Matt Griffin and Jason Driver recently joined the Ameriprise Financial Institutions Group (AFIG) from LPL with $149 million in client assets. Their practice, Steward Concepts, a financial advisory practice of Ameriprise Financial Services, LLC, is in partnership with Family Trust Credit Union in Rock Hill, South Carolina.
INX Limited has applied for listing of its digital security, INX Token, on the Canadian Securities Exchange (CSE). INX is in the midst of a digital asset offering that is both a security and includes characteristics of a utility token. INX intends to launch a regulated digital asset platform for both trading and primary issuance.
NEW YORK--(BUSINESS WIRE)--Oct 30, 2020-- Genesis, an industry pioneer and leader in digital currency prime brokerage services, today released its Q3 2020 Digital Asset Market Report. The report showcases Genesis' record-breaking quarter - with more than $5.2B in new originations, $2.1B active loans outstanding at the end of the quarter, and $1.0B in bilateral derivatives trading volume - along with trend analysis from the company's lending, spot, and derivatives trading desks.
An arbitration panel has denied J.P. Morgan Securities LLC's request to collect more than $1.5 million in damages and fees from three former Carmel employees who left the firm to join Raymond James & Associates in 2018. J.P. Morgan had claimed that former private client advisors Nathan D. Shields and Mark V.
On October 26, the SEC hosted a roundtable discussion during which the SEC and FINRA shared some of their observations about how firms are doing implementing Regulation Best Interest. If you missed the live presentation, it was recorded and should be available sometime in the future on the SEC's website.
This past Tuesday, INX Limited announced that it has agreed to acquire Openfinance, a FINRA regulated broker-dealer and alternative trading system (ATS) in the digital security market. INX Limited is a Fintech with a vision of redefining the world of regulated security tokens and crypto trading.
DALLAS--()-- Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Phoenix America, Inc. to discoverIE Group plc. The acquisition closed October 13, 2020 and details were not disclosed. Located in Ft.
NEW YORK--()--Kroll Bond Rating Agency (KBRA) assigns issuer and senior unsecured debt ratings of BBB- for Los Angeles, California-based Wedbush Financial Services, LLC ("WFS"). Additionally, KBRA assigns an issuer rating of BBB for the primary operating subsidiary, Wedbush Securities Inc.
HOUSTON, Oct. 29, 2020 /PRNewswire/ -- Entoro Capital (Entoro), a technology-enabled global investment bank, announced today that it has entered into a strategic relationship with FLX Distribution (FLX), the first technology platform bringing together asset managers, distribution professionals, wealth managers, and advisors, for FLX to exclusively offer Entoro's private securities platform OfferBoard under the FLX brand.
An 80-year-old Florida man has sued Merrill Lynch for failing to supervise a broker who allegedly convinced him to pour almost $5 million of his and his ailing wife's retirement savings into a failing liquor store in Key Biscayne. The complaint by Eduardo Tarajano, Sr., alleged that his broker, Jorge A.
Vice President, Global Learning and Development Job Description Provide leadership & oversight to the strategy, design and implementation of effective training curriculum, knowledge management solutions, and quality management throughout service and operations. Work directly with senior leaders and executives to drive and implement enterprise learning strategy.
A lot of time has passed since CPA firms were first allowed to get into the wealth management business. Like all businesses, these practices and business models need to adapt to changing facts, circumstances and situations in order to stay both relevant and valuable.