Ken Leech Charged By Prosecutors Over Scheme To Allocate Trades
Former Western Asset Management Co. co-CIO Ken Leech was charged by US authorities with engaging in an alleged “cherry-picking” scheme.
Recent
A Former Wells Fargo Advisor Admits Guilt To Five Counts Of Fraud
A former Wells Fargo advisor admitted guilt to five counts of fraud tied to a scheme where he misappropriated over $3 million from five clients.
SEC Permanently Bars Financial Advisor From The Industry
The SEC has permanently barred advisor Sean Kane from the industry, alleging he impersonated and misled former clients after his termination.
Finra Could Raise Annual Dues By Over 7 % For Some Firms
Finra has announced a scheduled increase in member dues aimed at covering its operational costs.
Advisory Firm Violates New SEC Marketing Rule
In November 2022, the SEC's new marketing rule took effect, bringing long-needed updates to advertising regulations for advisors.
Wall Street Math Wizards Are Decoding Private-Market Returns
Times are tough in private markets. High borrowing costs are hurting returns, managers are struggling to exit investments.
While RIA Mergers And Acquisitions Decline Client Assets Surge
The volume of mergers and acquisitions (M&A) among registered investment advisor (RIA) firms may be slowing, but the value of client assets surges.