Tag: investment adviser
Private Advisor Group Appoints Robert Moore as Chief Executive Officer
Private Advisor Group, the largest hybrid registered investment adviser on LPL Financial’s platform with $21 billion in asset under management, has appointed industry veteran...
Feds Arrest Alleged Ponzi Schemer Who Fled in Underwater Submersible Device
Federal agents have arrested unregistered investment adviser, Matthew Piercey, creator of investment companies Family Wealth Legacy and Zolla, who was charged with running a...
Apella Capital Expands West Coast Presence with Addition of $489 Million...
Apella Capital LLC, a financial advisory and wealth management firm with $1.5 billion in assets, announced that Vestory, a registered investment advisor headquartered in...
SEC Charges Former Transamerica Broker with Defrauding Retail Investors
The Securities and Exchange Commission has charged Scott Allen Fries, a former Ohio-based registered representative and investment adviser representative, with allegedly defrauding at least...
Brookstone Capital and FormulaFolios Merge to Create $6.5 Billion RIA
Brookstone Capital Management and FormulaFolios, two registered investment adviser firms, are combining to create a $6.5 billion RIA.
The combined company will retain the Brookstone...
SEC Obtains Judgment Against Investment Adviser Charged with Fraud
The U.S. District Court for the Southern District of Indiana entered a final judgment against Tamara Steele and her Indianapolis-based investment advisory firm Steele...
New Jersey Extends State Fiduciary Rule Finalization Amid Pandemic
New Jersey Governor Phil Murphy has signed an executive order to extend various deadlines associated with rulemaking for state agencies, including its proposed fiduciary...
Commonwealth Hires Fidelity Exec to Expand RIA Business
Commonwealth Financial Network, a private registered investment adviser and independent broker-dealer, has hired Matthew Chisholm to serve in the newly created role of senior...
Massachusetts Finalizes State Fiduciary Rule
Secretary of the Commonwealth William Galvin has filed regulations to impose a fiduciary conduct standard in Massachusetts. The new regulations will go into effect...
SEC Obtains Judgment Against Former Adviser Charged with Defrauding Retirees
A federal district court in Massachusetts entered a final judgment against Richard Cody, a former investment adviser and broker representative who defrauded Massachusetts retirees.
According...
